Integrated Investment Consultants LLC Invests $223,000 in Sysco Co. (NYSE:SYY)

Integrated Investment Consultants LLC purchased a new stake in Sysco Co. (NYSE:SYYFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,044 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SYY. Brinker Capital Investments LLC lifted its stake in Sysco by 3.2% in the first quarter. Brinker Capital Investments LLC now owns 3,851 shares of the company’s stock valued at $314,000 after buying an additional 121 shares during the last quarter. Geller Advisors LLC lifted its stake in Sysco by 4.2% in the first quarter. Geller Advisors LLC now owns 3,362 shares of the company’s stock valued at $276,000 after buying an additional 136 shares during the last quarter. Quent Capital LLC lifted its stake in Sysco by 5.0% in the fourth quarter. Quent Capital LLC now owns 2,948 shares of the company’s stock valued at $216,000 after buying an additional 140 shares during the last quarter. Brasada Capital Management LP lifted its stake in Sysco by 0.7% in the second quarter. Brasada Capital Management LP now owns 22,837 shares of the company’s stock valued at $1,695,000 after buying an additional 148 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Sysco by 1.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,972 shares of the company’s stock valued at $666,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Sysco

Insiders Place Their Bets

In other Sysco news, CAO Neil Russell sold 1,722 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total transaction of $137,760.00. Following the sale, the chief accounting officer now owns 24,082 shares in the company, valued at approximately $1,926,560. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.58% of the company’s stock.

Sysco Price Performance

Sysco stock traded down $0.40 during midday trading on Wednesday, hitting $80.03. The company’s stock had a trading volume of 167,787 shares, compared to its average volume of 2,960,460. 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 stock’s 50-day moving average price is $79.90 and its 200-day moving average price is $73.56. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89. The company has a market capitalization of $39.84 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15.

Sysco (NYSE:SYYGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations 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 business earned $0.80 earnings per share. Analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 annualized dividend and a yield of 2.50%. Sysco’s payout ratio is presently 48.90%.

Sysco Company Profile

(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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