CoreCap Advisors LLC Has $216,000 Stock Holdings in Sysco Co. (NYSE:SYY)

CoreCap Advisors LLC lessened its stake in shares of Sysco Co. (NYSE:SYY) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,947 shares of the company’s stock after selling 179 shares during the quarter. CoreCap Advisors LLC’s holdings in Sysco were worth $216,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SYY. Vontobel Holding Ltd. boosted its stake in shares of Sysco by 166.0% during the first quarter. Vontobel Holding Ltd. now owns 16,127 shares of the company’s stock valued at $1,338,000 after purchasing an additional 10,065 shares in the last quarter. Sei Investments Co. raised its holdings in Sysco by 6.9% in the 1st quarter. Sei Investments Co. now owns 258,746 shares of the company’s stock valued at $21,068,000 after buying an additional 16,772 shares during the last quarter. Cetera Investment Advisers boosted its position in Sysco by 12.9% during the 1st quarter. Cetera Investment Advisers now owns 22,139 shares of the company’s stock worth $1,808,000 after buying an additional 2,522 shares during the period. Baird Financial Group Inc. grew its holdings in Sysco by 1.0% during the 1st quarter. Baird Financial Group Inc. now owns 659,712 shares of the company’s stock worth $53,865,000 after acquiring an additional 6,711 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Sysco by 54.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 833 shares of the company’s stock valued at $68,000 after acquiring an additional 295 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SYY has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. increased their price target 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 lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. Barclays increased their target price on shares of Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Stephens upped their price objective on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $85.38.

Insider Activity

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

Sysco Stock Up 1.3 %

Sysco stock opened at $81.94 on Thursday. 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 company has a market capitalization of $40.79 billion, a PE ratio of 20.03, a PEG ratio of 1.65 and a beta of 1.16. The firm’s fifty day moving average is $79.42 and its 200 day moving average is $73.25. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89.

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

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.44%. Sysco’s dividend payout ratio is presently 48.90%.

Sysco Company 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.