Advisory Alpha LLC lifted its position in shares of Sysco Co. (NYSE:SYY – Free Report) by 14.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,197 shares of the company’s stock after acquiring an additional 407 shares during the period. Advisory Alpha LLC’s holdings in Sysco were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Dakota Wealth Management grew its stake in Sysco by 1.9% in the 4th quarter. Dakota Wealth Management now owns 24,496 shares of the company’s stock valued at $1,873,000 after acquiring an additional 459 shares during the period. Nisa Investment Advisors LLC grew its stake 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 acquiring an additional 34,829 shares during the period. Simon Quick Advisors LLC grew its stake in Sysco by 30.1% in the 4th quarter. Simon Quick Advisors LLC now owns 5,055 shares of the company’s stock valued at $387,000 after acquiring an additional 1,170 shares during the period. Beaumont Financial Advisors LLC grew its stake in Sysco by 11.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 3,383 shares of the company’s stock valued at $259,000 after acquiring an additional 340 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Sysco by 14.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 887,855 shares of the company’s stock valued at $67,885,000 after acquiring an additional 114,804 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.
Insiders Place Their Bets
In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was 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. This trade represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,306 shares of company stock worth $6,485,050 over the last three months. Company insiders own 0.54% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on Sysco
Sysco Stock Up 0.4 %
Shares of SYY opened at $73.71 on Friday. The firm has a market cap of $36.21 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89. The company’s 50-day moving average price is $76.48 and its 200 day moving average price is $75.88. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38.
Sysco (NYSE:SYY – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). The company had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. On average, sell-side analysts forecast that Sysco Co. will post 4.57 earnings per share for the current year.
Sysco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.77%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.
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.
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