Capital Investment Advisors LLC Purchases 2,826 Shares of SYSCO Co. (SYY)
Capital Investment Advisors LLC boosted its position in SYSCO Co. (NYSE:SYY) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,281 shares of the company’s stock after acquiring an additional 2,826 shares during the period. Capital Investment Advisors LLC’s holdings in SYSCO were worth $4,815,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Exane Derivatives lifted its holdings in shares of SYSCO by 137.8% in the third quarter. Exane Derivatives now owns 48,699 shares of the company’s stock valued at $2,627,000 after purchasing an additional 28,217 shares in the last quarter. FDx Advisors Inc. lifted its holdings in shares of SYSCO by 27.6% in the third quarter. FDx Advisors Inc. now owns 35,396 shares of the company’s stock valued at $1,910,000 after purchasing an additional 7,652 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of SYSCO in the third quarter valued at approximately $393,000. Chicago Partners Investment Group LLC lifted its holdings in shares of SYSCO by 637.5% in the third quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the company’s stock valued at $318,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of SYSCO by 21.8% in the second quarter. Stifel Financial Corp now owns 1,093,476 shares of the company’s stock valued at $55,001,000 after purchasing an additional 195,903 shares in the last quarter. Institutional investors and hedge funds own 80.08% of the company’s stock.
Shares of SYSCO Co. (NYSE SYY) traded up $0.34 on Wednesday, hitting $61.72. The company had a trading volume of 2,438,300 shares, compared to its average volume of 2,653,770. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. The stock has a market capitalization of $32,490.00, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.53. SYSCO Co. has a one year low of $48.85 and a one year high of $62.79.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be given a $0.36 dividend. This is an increase from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, January 4th. SYSCO’s dividend payout ratio (DPR) is currently 65.75%.
In other SYSCO news, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $61.44, for a total value of $958,464.00. Following the completion of the sale, the insider now directly owns 55,235 shares of the company’s stock, valued at $3,393,638.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Greg D. Bertrand sold 81,038 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $60.76, for a total value of $4,923,868.88. Following the completion of the sale, the senior vice president now directly owns 69,721 shares of the company’s stock, valued at $4,236,247.96. The disclosure for this sale can be found here. Insiders sold 291,172 shares of company stock valued at $16,592,605 over the last three months. Company insiders own 9.60% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research raised SYSCO from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday, October 10th. Morgan Stanley raised SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a research report on Tuesday. BMO Capital Markets set a $66.00 price target on SYSCO and gave the company a “buy” rating in a research report on Friday, December 8th. Pivotal Research increased their price target on SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, Loop Capital increased their price target on SYSCO to $68.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $59.92.
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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