Sapient Capital LLC Buys 211 Shares of Sysco Co. (NYSE:SYY)

Sapient Capital LLC increased its stake in Sysco Co. (NYSE:SYY) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,973 shares of the company’s stock after purchasing an additional 211 shares during the period. Sapient Capital LLC’s holdings in Sysco were worth $839,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SYY. AMF Tjanstepension AB boosted its stake in Sysco by 185.5% in the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock valued at $2,446,000 after buying an additional 20,356 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Sysco by 455.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,024 shares of the company’s stock valued at $314,000 after buying an additional 3,300 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Sysco by 19.5% in the third quarter. Valeo Financial Advisors LLC now owns 5,272 shares of the company’s stock valued at $412,000 after buying an additional 860 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Sysco by 147.4% in the third quarter. Exchange Traded Concepts LLC now owns 20,533 shares of the company’s stock valued at $1,603,000 after buying an additional 12,235 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after buying an additional 146 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 0.5 %

NYSE SYY opened at $70.57 on Wednesday. The company has a market cap of $34.53 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.88 and a beta of 1.17. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The business has a 50 day moving average price of $75.65 and a 200-day moving average price of $75.94. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 business earned $0.89 earnings per share. As a group, equities analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.89%. Sysco’s payout ratio is 52.44%.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,270 shares of company stock valued at $6,181,946 over the last 90 days. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SYY shares. Melius started coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley cut their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

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.