Sysco Co. (NYSE:SYY) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in shares of Sysco Co. (NYSE:SYY) by 18.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,813 shares of the company’s stock after purchasing an additional 34,829 shares during the period. Nisa Investment Advisors LLC’s holdings in Sysco were worth $16,730,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC lifted its holdings in shares of Sysco by 30.1% in the 4th quarter. Simon Quick Advisors LLC now owns 5,055 shares of the company’s stock valued at $387,000 after buying an additional 1,170 shares during the period. Beaumont Financial Advisors LLC lifted its holdings in Sysco by 11.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,383 shares of the company’s stock valued at $259,000 after acquiring an additional 340 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Sysco by 14.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 887,855 shares of the company’s stock worth $67,885,000 after purchasing an additional 114,804 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of Sysco by 5.0% during the 4th quarter. Atomi Financial Group Inc. now owns 5,438 shares of the company’s stock worth $416,000 after purchasing an additional 259 shares during the period. Finally, Lmcg Investments LLC purchased a new position in shares of Sysco in the 4th quarter valued at about $3,668,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Melius assumed coverage on shares of Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Morgan Stanley lowered their price target on Sysco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Tuesday. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average price target of $85.79.

Insider Transactions at Sysco

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now directly owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,306 shares of company stock worth $6,485,050 in the last three months. Company insiders own 0.54% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $73.41 on Thursday. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a market cap of $36.06 billion, a PE ratio of 18.87, a P/E/G ratio of 2.05 and a beta of 1.18. The firm has a 50 day simple moving average of $76.54 and a 200-day simple moving average of $75.90. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The business had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities analysts expect that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is 52.44%.

Sysco Company 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.