Fidelis Capital Partners LLC Makes New $324,000 Investment in Sysco Co. (NYSE:SYY)

Fidelis Capital Partners LLC purchased a new position in Sysco Co. (NYSE:SYY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,435 shares of the company’s stock, valued at approximately $324,000.

A number of other large investors have also bought and sold shares of the stock. Calamos Advisors LLC increased its stake in Sysco by 10.3% in the 4th quarter. Calamos Advisors LLC now owns 296,538 shares of the company’s stock worth $21,686,000 after purchasing an additional 27,727 shares during the period. Cambridge Trust Co. increased its stake in shares of Sysco by 5.2% during the fourth quarter. Cambridge Trust Co. now owns 7,842 shares of the company’s stock valued at $573,000 after buying an additional 386 shares during the period. Federated Hermes Inc. increased its stake in shares of Sysco by 8.3% during the fourth quarter. Federated Hermes Inc. now owns 52,383 shares of the company’s stock valued at $3,831,000 after buying an additional 4,035 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Sysco by 6.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 45,783 shares of the company’s stock valued at $3,348,000 after buying an additional 2,786 shares during the period. Finally, Tyche Wealth Partners LLC purchased a new position in shares of Sysco during the fourth quarter valued at approximately $361,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Trading Up 1.4 %

NYSE SYY opened at $76.73 on Friday. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89. The stock has a market cap of $38.20 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.54 and a beta of 1.15. The stock’s fifty day moving average price is $79.39 and its 200-day moving average price is $74.32. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00.

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

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, April 4th. Sysco’s dividend payout ratio is 48.90%.

Insider Buying and Selling at Sysco

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

Analysts Set New Price Targets

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

Sysco 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.