3,502 Shares in Sysco Co. (NYSE:SYY) Purchased by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC acquired a new position in shares of Sysco Co. (NYSE:SYYFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,502 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SYY. Hexagon Capital Partners LLC increased its position in shares of Sysco by 74.6% during the third quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Sysco during the first quarter valued at about $32,000. CGC Financial Services LLC acquired a new stake in shares of Sysco during the second quarter valued at about $33,000. Intrepid Capital Management Inc. acquired a new stake in shares of Sysco during the second quarter valued at about $35,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Sysco during the second quarter valued at about $37,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SYY has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. BMO Capital Markets raised their price objective on shares of Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Stephens lifted their price target on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.38.

Read Our Latest Stock Analysis on Sysco

Sysco Stock Up 1.3 %

Shares of NYSE SYY opened at $81.94 on Thursday. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89. The firm’s 50 day moving average price is $79.42 and its 200 day moving average price is $73.25. The firm has a market cap of $40.79 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.80 and a current ratio of 1.37.

Sysco (NYSE:SYYGet Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, April 4th. Sysco’s dividend payout ratio (DPR) is 48.90%.

Insider Buying and Selling

In related news, CAO Neil Russell sold 1,722 shares of Sysco stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the sale, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at approximately $1,926,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.58% of the stock is currently owned by insiders.

About Sysco

(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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