Hager Investment Management Services LLC Purchases Shares of 655 Sysco Co. (NYSE:SYY)

Hager Investment Management Services LLC acquired a new position in shares of Sysco Co. (NYSE:SYYFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 655 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. grew its stake in Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Sysco during the third quarter valued at about $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco during the third quarter worth about $31,000. Focused Wealth Management Inc purchased a new position in shares of Sysco in the 3rd quarter worth about $37,000. Finally, Canoe Financial LP purchased a new position in shares of Sysco during the 3rd quarter valued at about $38,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SYY. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. 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 note on Monday, December 16th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Check Out Our Latest Research Report on SYY

Insider Activity at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. This trade represents 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, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,270 shares of company stock valued at $6,181,946 in the last three months. Company insiders own 0.54% of the company’s stock.

Sysco Price Performance

Shares of NYSE SYY opened at $71.38 on Thursday. 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 Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The company’s 50-day moving average is $76.11 and its 200 day moving average is $75.99. The stock has a market capitalization of $34.92 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.93 and a beta of 1.17.

Sysco (NYSE:SYYGet Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 company posted $0.89 earnings per share. On average, sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were paid a $0.51 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Sysco’s payout ratio is 52.44%.

Sysco Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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