Lmcg Investments LLC Takes Position in Sysco Co. (NYSE:SYY)

Lmcg Investments LLC bought a new stake in Sysco Co. (NYSE:SYYFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 47,976 shares of the company’s stock, valued at approximately $3,668,000.

Several other large investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its holdings in shares of Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Sysco during the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the third quarter valued at about $31,000. Focused Wealth Management Inc acquired a new position in Sysco in the 3rd quarter valued at about $37,000. Finally, Canoe Financial LP acquired a new stake in shares of Sysco during the third quarter worth about $38,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SYY shares. Jefferies Financial Group upped their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Melius started coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price for the company. Wells Fargo & Company dropped their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Melius Research upgraded shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Finally, StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.93.

Read Our Latest Report on SYY

Insider Activity at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This represents a 7.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now owns 12,955 shares in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Down 0.3 %

Shares of NYSE SYY opened at $73.02 on Tuesday. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The firm’s 50-day moving average is $76.72 and its two-hundred day moving average is $75.85. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89. The company has a market capitalization of $35.87 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.03 and a beta of 1.18.

Sysco (NYSE:SYYGet Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period in the previous year, the firm posted $1.07 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, January 3rd. Sysco’s payout ratio is 52.44%.

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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