Jones Financial Companies Lllp Buys 14,568 Shares of Sysco Co. (NYSE:SYY)

Jones Financial Companies Lllp increased its holdings in shares of Sysco Co. (NYSE:SYY) by 45.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,692 shares of the company’s stock after buying an additional 14,568 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sysco were worth $3,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SYY. Ashton Thomas Securities LLC purchased a new stake in Sysco in the third quarter worth $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco in the third quarter valued at $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Sysco in the fourth quarter valued at $31,000. Sherman Asset Management Inc. purchased a new position in shares of Sysco in the fourth quarter valued at $31,000. Finally, SRS Capital Advisors Inc. grew its position in shares of Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SYY shares. Jefferies Financial Group lifted their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price for the company. Guggenheim restated a “buy” rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Finally, UBS Group reduced their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Sysco Trading Down 1.0 %

Shares of SYY stock opened at $74.90 on Wednesday. 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 business has a 50-day moving average price of $73.58 and a two-hundred day moving average price of $75.63. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The firm has a market cap of $36.64 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the firm posted $0.89 earnings per share. Equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. 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 presently 52.44%.

Insider Activity

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value 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. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by corporate 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.