Callan Family Office LLC lifted its position in Sysco Co. (NYSE:SYY - Free Report) by 1,082.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,761 shares of the company's stock after acquiring an additional 40,059 shares during the period. Callan Family Office LLC's holdings in Sysco were worth $3,346,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco in the third quarter valued at $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco during the third quarter worth $31,000. Stonebridge Financial Group LLC acquired a new stake in Sysco during the fourth quarter valued at $31,000. Sherman Asset Management Inc. purchased a new position in Sysco in the fourth quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. increased its position in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.
A number of brokerages recently issued reports on SYY. Jefferies Financial Group upped their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Wells Fargo & Company upped their price target on Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com raised Sysco from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Morgan Stanley reduced their target price on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Finally, Melius initiated coverage on Sysco in a report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.77.
Get Our Latest Stock Analysis on Sysco
In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.
NYSE:SYY opened at $75.04 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm has a 50-day moving average price of $73.47 and a 200 day moving average price of $75.62. The firm has a market capitalization of $36.71 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.
Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is currently 52.44%.
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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