Mufg Securities Americas Inc. Acquires Shares of 7,251 Sysco Co. (NYSE:SYY)

Mufg Securities Americas Inc. acquired a new stake in Sysco Co. (NYSE:SYY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,251 shares of the company’s stock, valued at approximately $554,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Buckley Wealth Management LLC grew its holdings in Sysco by 0.8% in the 4th quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company’s stock valued at $1,391,000 after buying an additional 150 shares in the last quarter. WR Wealth Planners LLC grew its holdings in Sysco by 9.9% in the 4th quarter. WR Wealth Planners LLC now owns 4,270 shares of the company’s stock valued at $326,000 after buying an additional 386 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Sysco by 179.5% in the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company’s stock valued at $61,500,000 after buying an additional 516,585 shares in the last quarter. Lmcg Investments LLC acquired a new position in Sysco in the 4th quarter valued at $3,668,000. Finally, Nisa Investment Advisors LLC grew its holdings in Sysco by 18.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 218,813 shares of the company’s stock valued at $16,730,000 after buying an additional 34,829 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SYY has been the subject of a number of recent analyst reports. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Wells Fargo & Company cut their target price on Sysco from $87.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley cut their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Sanford C. Bernstein set a $87.00 target price on Sysco and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Finally, Barclays cut their target price on Sysco from $87.00 to $77.00 and set an “overweight” rating for the company in a research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.38.

Sysco Price Performance

Sysco stock opened at $72.32 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $35.06 billion, a PE ratio of 18.59, a P/E/G ratio of 1.88 and a beta of 0.80. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The stock has a 50-day moving average price of $71.82 and a two-hundred day moving average price of $74.05.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing the consensus estimate 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%. Sysco’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. Analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Increases Dividend

The company 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 $0.54 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Sysco’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 2.99%. Sysco’s dividend payout ratio (DPR) is currently 55.96%.

Insider Buying and Selling at Sysco

In other news, Director Sheila Talton sold 356 shares of the stock in a transaction dated 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 sale, the director now owns 12,738 shares of the company’s stock, valued at approximately $902,359.92. This represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.