Sysco Co. (NYSE:SYY) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Sysco Co. (NYSE:SYY) by 20.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,261 shares of the company’s stock after buying an additional 1,065 shares during the period. Signaturefd LLC’s holdings in Sysco were worth $458,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its position in shares of Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Sysco by 74.6% during the third quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Sysco during the third quarter worth about $38,000. Milestone Investment Advisors LLC acquired a new stake in shares of Sysco during the third quarter worth about $40,000. Finally, AllSquare Wealth Management LLC acquired a new stake in shares of Sysco during the third quarter worth about $42,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of Sysco stock opened at $77.29 on Thursday. The firm has a market capitalization of $38.48 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.57 and a beta of 1.15. Sysco Co. has a 52 week low of $62.24 and a 52 week high of $82.89. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 5.00. The firm’s 50 day moving average is $79.26 and its two-hundred day moving average is $74.67.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. Research analysts forecast that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.59%. Sysco’s dividend payout ratio (DPR) is presently 48.90%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SYY shares. Stephens raised their target price on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Barclays raised their target price on shares of Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets raised their target price on shares of Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.38.

Insider Transactions at Sysco

In other news, CAO Neil Russell sold 1,722 shares of the firm’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 transaction of $137,760.00. Following the transaction, the chief accounting officer now directly owns 24,082 shares in the company, valued at $1,926,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

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.