Koshinski Asset Management Inc. Purchases 461 Shares of Sysco Co. (NYSE:SYY)

Koshinski Asset Management Inc. increased its holdings in Sysco Co. (NYSE:SYY) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,473 shares of the company’s stock after acquiring an additional 461 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Sysco were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its position in shares of Sysco by 74.0% during the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after acquiring an additional 159 shares during the period. Hexagon Capital Partners LLC lifted its position in 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 purchasing an additional 179 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Sysco during the first quarter valued at about $32,000. Tyler Stone Wealth Management purchased a new stake in Sysco in the second quarter worth about $37,000. Finally, MayTech Global Investments LLC bought a new position in shares of Sysco in the fourth quarter worth about $38,000. 83.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CAO Neil Russell sold 1,722 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the sale, the chief accounting officer now directly owns 24,082 shares of the company’s stock, valued at approximately $1,926,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is currently owned by company insiders.

Sysco Price Performance

Shares of Sysco stock opened at $75.25 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89. The stock has a 50 day moving average of $79.80 and a 200 day moving average of $74.09. The firm has a market cap of $37.46 billion, a PE ratio of 18.40, a PEG ratio of 1.53 and a beta of 1.15.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The company had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. Sysco’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s payout ratio is 48.90%.

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.