Country Club Bank GFN Has $393,000 Position in Sysco Co. (NYSE:SYY)

Country Club Bank GFN raised its position in Sysco Co. (NYSE:SYYFree Report) by 3.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,377 shares of the company’s stock after purchasing an additional 193 shares during the quarter. Country Club Bank GFN’s holdings in Sysco were worth $393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SYY. Vontobel Holding Ltd. boosted its position in Sysco by 166.0% in the first quarter. Vontobel Holding Ltd. now owns 16,127 shares of the company’s stock valued at $1,338,000 after buying an additional 10,065 shares in the last quarter. Sei Investments Co. boosted its position in Sysco by 6.9% in the first quarter. Sei Investments Co. now owns 258,746 shares of the company’s stock valued at $21,068,000 after buying an additional 16,772 shares in the last quarter. Cetera Investment Advisers boosted its position in Sysco by 12.9% in the first quarter. Cetera Investment Advisers now owns 22,139 shares of the company’s stock valued at $1,808,000 after buying an additional 2,522 shares in the last quarter. Baird Financial Group Inc. boosted its position in Sysco by 1.0% in the first quarter. Baird Financial Group Inc. now owns 659,712 shares of the company’s stock valued at $53,865,000 after buying an additional 6,711 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Sysco by 54.8% in the first quarter. Parkside Financial Bank & Trust now owns 833 shares of the company’s stock valued at $68,000 after buying an additional 295 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the sale, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

Sysco Trading Down 0.2 %

SYY opened at $80.43 on Wednesday. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. The company has a market cap of $40.04 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15. The firm has a 50 day simple moving average of $79.90 and a 200 day simple moving average of $73.56. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89.

Sysco (NYSE:SYYGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. Sysco’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. On average, sell-side analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, April 4th. Sysco’s payout ratio is presently 48.90%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Stephens boosted their target price on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Barclays boosted their target price on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets boosted their target price on shares of Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $85.38.

View Our Latest Report on SYY

About Sysco

(Free Report)

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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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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