Beaumont Financial Advisors LLC boosted its holdings in Sysco Co. (NYSE:SYY – Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,383 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Sysco were worth $259,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of SYY. Armstrong Advisory Group Inc. increased its position in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Sysco in the third quarter valued at $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco in the third quarter valued at $31,000. Focused Wealth Management Inc purchased a new position in shares of Sysco in the third quarter valued at $37,000. Finally, Canoe Financial LP purchased a new position in shares of Sysco in the third quarter valued at $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SYY. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. Jefferies Financial Group increased their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Morgan Stanley decreased their price objective on Sysco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Tuesday. 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. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $85.79.
Sysco Stock Performance
Sysco stock opened at $73.71 on Friday. The stock’s 50-day moving average is $76.48 and its 200-day moving average is $75.88. The company has a market cap of $36.21 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89.
Sysco (NYSE:SYY – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 earnings per share. Equities analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.
Sysco Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.77%. Sysco’s dividend payout ratio (DPR) is 52.44%.
Insider Activity at Sysco
In related news, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the sale, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. 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.
About Sysco
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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