Crowley Wealth Management Inc. Takes Position in Sysco Co. (NYSE:SYY)

Crowley Wealth Management Inc. purchased a new stake in Sysco Co. (NYSE:SYY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 800 shares of the company’s stock, valued at approximately $61,000.

A number of other large investors also recently modified their holdings of SYY. Advisors Asset Management Inc. bought a new position in shares of Sysco in the 3rd quarter valued at $464,000. Intech Investment Management LLC lifted its stake in shares of Sysco by 86.6% in the 3rd quarter. Intech Investment Management LLC now owns 26,576 shares of the company’s stock valued at $2,075,000 after acquiring an additional 12,332 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Sysco in the 3rd quarter valued at $754,000. Massachusetts Financial Services Co. MA bought a new position in shares of Sysco in the 3rd quarter valued at $137,900,000. Finally, Pacer Advisors Inc. raised its position in Sysco by 21.3% during the 3rd quarter. Pacer Advisors Inc. now owns 96,941 shares of the company’s stock worth $7,567,000 after purchasing an additional 16,997 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Insider Activity at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SYY shares. Barclays lowered their target price on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Guggenheim reaffirmed a “buy” rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group raised their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, UBS Group decreased their price target on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average target price of $84.77.

Sysco Stock Performance

Shares of SYY opened at $71.12 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 stock has a 50-day moving average of $73.10 and a 200-day moving average of $75.32. The company has a market cap of $34.79 billion, a PE ratio of 18.28, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a one year low of $69.03 and a one year high of $82.33.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

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 given a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.87%. Sysco’s payout ratio is 52.44%.

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.