Kohmann Bosshard Financial Services LLC Acquires Shares of 1,912 Sysco Co. (NYSE:SYY)

Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sysco Co. (NYSE:SYY) in the fourth quarter, Holdings Channel reports. The firm bought 1,912 shares of the company’s stock, valued at approximately $146,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Sysco by 35.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,516 shares of the company’s stock valued at $268,000 after purchasing an additional 928 shares during the last quarter. Bridges Investment Management Inc. raised its stake in shares of Sysco by 2.7% during the 4th quarter. Bridges Investment Management Inc. now owns 27,553 shares of the company’s stock worth $2,107,000 after purchasing an additional 717 shares in the last quarter. Sherman Asset Management Inc. acquired a new stake in shares of Sysco during the 4th quarter valued at about $31,000. Jacobi Capital Management LLC grew its stake in shares of Sysco by 1.2% in the 4th quarter. Jacobi Capital Management LLC now owns 24,379 shares of the company’s stock valued at $1,864,000 after buying an additional 284 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in Sysco by 4.5% in the fourth quarter. Metis Global Partners LLC now owns 16,481 shares of the company’s stock worth $1,260,000 after buying an additional 710 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,370 shares of company stock valued at $5,965,519 over the last three months. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SYY shares. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price for the company. Barclays reduced their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. UBS Group lowered their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

Sysco Stock Performance

SYY opened at $75.53 on Monday. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The firm has a market capitalization of $36.95 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The stock’s 50 day moving average price is $73.66 and its two-hundred day moving average price is $75.65. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the company earned $0.89 EPS. On average, equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, April 4th. Sysco’s payout ratio is presently 52.44%.

About Sysco

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.