3,625 Shares in Sysco Co. (NYSE:SYY) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in Sysco Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,625 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in Sysco by 74.0% during the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after buying an additional 159 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Sysco by 74.6% during the third quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Sysco in the third quarter valued at approximately $38,000. Milestone Investment Advisors LLC bought a new position in Sysco in the third quarter worth approximately $40,000. Finally, AllSquare Wealth Management LLC purchased a new position in Sysco during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. BMO Capital Markets increased their price objective on shares of Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Barclays boosted their price objective on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Stephens raised their price objective on Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research 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 company’s stock. According to data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average price target of $85.38.

Sysco Trading Up 0.4 %

Sysco stock opened at $77.29 on Thursday. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.80 and a current ratio of 1.37. The stock has a market cap of $38.48 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. The stock has a 50-day moving average of $79.26 and a two-hundred day moving average of $74.67. Sysco Co. has a one year low of $62.24 and a one year high of $82.89.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. Sysco’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. On average, research analysts anticipate that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, April 4th. Sysco’s dividend payout ratio (DPR) is presently 48.90%.

Insider Activity at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of Sysco 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 completion of the sale, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at approximately $1,926,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.58% of the stock is owned by 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.