Nilsine Partners LLC Increases Position in Sysco Co. (NYSE:SYY)

Nilsine Partners LLC lifted its position in shares of Sysco Co. (NYSE:SYY) by 10.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,452 shares of the company’s stock after purchasing an additional 680 shares during the period. Nilsine Partners LLC’s holdings in Sysco were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Foundations Investment Advisors LLC boosted its stake in Sysco by 8.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 10,053 shares of the company’s stock valued at $769,000 after acquiring an additional 786 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its position in shares of Sysco by 75.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 13,457 shares of the company’s stock valued at $1,029,000 after purchasing an additional 5,783 shares during the period. Kavar Capital Partners Group LLC grew its stake in Sysco by 2.6% during the 4th quarter. Kavar Capital Partners Group LLC now owns 26,687 shares of the company’s stock worth $2,040,000 after buying an additional 675 shares during the last quarter. Webster Bank N. A. increased its position in Sysco by 11.5% during the fourth quarter. Webster Bank N. A. now owns 2,912 shares of the company’s stock worth $223,000 after buying an additional 300 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in Sysco by 118.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 6,307 shares of the company’s stock valued at $482,000 after buying an additional 3,415 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SYY shares. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Morgan Stanley decreased their target price on shares of Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Jefferies Financial Group upped their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company lowered their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.79.

Sysco Price Performance

Sysco stock opened at $72.35 on Wednesday. The company has a market cap of $35.54 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. Sysco Co. has a one year low of $69.03 and a one year high of $82.89. The business has a fifty day moving average of $76.47 and a two-hundred day moving average of $76.03. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.44% and a return on equity of 101.04%. During the same quarter in the prior year, the company earned $0.89 EPS. As a group, analysts predict that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were issued 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 yield of 2.82%. Sysco’s dividend payout ratio is presently 52.44%.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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. This trade represents a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is 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.