one8zero8 LLC Takes $216,000 Position in Sysco Co. (NYSE:SYY)

one8zero8 LLC bought a new position in Sysco Co. (NYSE:SYY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,831 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the fourth quarter worth about $31,000. Sherman Asset Management Inc. bought a new stake in Sysco during the 4th quarter worth approximately $31,000. SRS Capital Advisors Inc. lifted its stake in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after purchasing an additional 149 shares in the last quarter. HHM Wealth Advisors LLC grew its position in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after purchasing an additional 321 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new position in shares of Sysco in the fourth quarter worth $50,000. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of Sysco stock opened at $73.35 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. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The business’s 50 day simple moving average is $73.28 and its two-hundred day simple moving average is $75.51. The stock has a market capitalization of $35.89 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 posted $0.89 earnings per share. Analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.78%. Sysco’s dividend payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

SYY has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Morgan Stanley lowered their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Guggenheim reissued a “buy” rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group raised their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.77.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Sysco Company 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.