KCM Investment Advisors LLC Has $809,000 Stock Holdings in Sysco Co. (NYSE:SYY)

KCM Investment Advisors LLC grew its holdings in shares of Sysco Co. (NYSE:SYY) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,585 shares of the company’s stock after acquiring an additional 1,105 shares during the period. KCM Investment Advisors LLC’s holdings in Sysco were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SYY. Stonebridge Financial Group LLC bought a new position in Sysco during the 4th quarter worth $31,000. Sherman Asset Management Inc. bought a new position in shares of Sysco during the 4th quarter worth approximately $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Sysco during the 4th quarter worth approximately $31,000. SRS Capital Advisors Inc. increased its stake in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after acquiring an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 321 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 5.3 %

SYY opened at $71.41 on Friday. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.23. The firm has a market capitalization of $34.94 billion, a P/E ratio of 18.36, a PEG ratio of 1.88 and a beta of 0.91. The company’s 50-day moving average is $73.07 and its 200 day moving average is $75.04. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) 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 net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the company posted $0.89 EPS. Research analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio is presently 52.44%.

Wall Street Analyst Weigh In

SYY has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their target price on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Morgan Stanley reduced their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Guggenheim reaffirmed a “buy” rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Finally, Melius assumed coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.77.

Sysco 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.