5,508 Shares in Sysco Co. (NYSE:SYY) Acquired by Investor s Fiduciary Advisor Network LLC

Investor s Fiduciary Advisor Network LLC bought a new position in shares of Sysco Co. (NYSE:SYY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,508 shares of the company’s stock, valued at approximately $421,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Sysco by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 61,519,424 shares of the company’s stock worth $4,703,775,000 after acquiring an additional 429,711 shares in the last quarter. Invesco Ltd. boosted its holdings in Sysco by 5.3% in the fourth quarter. Invesco Ltd. now owns 16,907,541 shares of the company’s stock worth $1,292,751,000 after acquiring an additional 851,441 shares in the last quarter. Boston Partners boosted its holdings in Sysco by 143.7% in the fourth quarter. Boston Partners now owns 12,184,114 shares of the company’s stock worth $930,296,000 after acquiring an additional 7,184,754 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sysco by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company’s stock worth $905,120,000 after acquiring an additional 233,885 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Sysco by 27.3% in the fourth quarter. Capital Research Global Investors now owns 8,991,476 shares of the company’s stock worth $687,488,000 after acquiring an additional 1,928,002 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. Barclays dropped their target price on Sysco from $87.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. BMO Capital Markets dropped their target price on Sysco from $82.00 to $77.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their target price on Sysco from $87.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $83.38.

Insiders Place Their Bets

In other news, Director Sheila Talton sold 356 shares of Sysco stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total value of $25,219.04. Following the completion of the transaction, the director now directly owns 12,738 shares in the company, valued at approximately $902,359.92. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $70.77 on Monday. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The business has a fifty day simple moving average of $72.16 and a two-hundred day simple moving average of $74.13. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23. The company has a market capitalization of $34.31 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.88 and a beta of 0.80.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.06). The firm had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a net margin of 2.40% and a return on equity of 106.30%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Sysco’s previous quarterly dividend of $0.51. Sysco’s dividend payout ratio (DPR) is currently 55.96%.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.