Regal Investment Advisors LLC Buys 605 Shares of Sysco Co. (NYSE:SYY)

Regal Investment Advisors LLC grew its stake in Sysco Co. (NYSE:SYY) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,980 shares of the company’s stock after acquiring an additional 605 shares during the quarter. Regal Investment Advisors LLC’s holdings in Sysco were worth $1,681,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in Sysco during the 4th quarter valued at about $31,000. Flagship Wealth Advisors LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $31,000. Sherman Asset Management Inc. purchased a new stake in shares of Sysco during the fourth quarter valued at approximately $31,000. SRS Capital Advisors Inc. increased its position in shares of Sysco by 53.0% during the fourth 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 raised its holdings in Sysco by 107.4% in the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock worth $47,000 after acquiring an additional 321 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of Sysco stock opened at $71.27 on Wednesday. The stock’s fifty day moving average is $72.62 and its 200 day moving average is $74.67. Sysco Co. has a one year low of $67.12 and a one year high of $82.23. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The stock has a market cap of $34.87 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY) last posted its quarterly earnings data 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 quarter in the previous year, the company posted $0.89 EPS. Sell-side analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

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 paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is 52.44%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Truist Financial reduced their price target on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group lowered their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.