Jump Financial LLC Acquires 403 Shares of Sysco Co. (NYSE:SYY)

Jump Financial LLC increased its holdings in shares of Sysco Co. (NYSE:SYY) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,413 shares of the company’s stock after acquiring an additional 403 shares during the quarter. Jump Financial LLC’s holdings in Sysco were worth $949,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Morse Asset Management Inc bought a new position in shares of Sysco in the third quarter worth $390,000. Barclays PLC lifted its stake in Sysco by 43.2% during the third quarter. Barclays PLC now owns 1,715,356 shares of the company’s stock worth $133,902,000 after purchasing an additional 517,219 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Sysco by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 8,509 shares of the company’s stock valued at $664,000 after purchasing an additional 445 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Sysco in the 3rd quarter valued at $610,000. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Sysco by 13.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 209,456 shares of the company’s stock worth $16,350,000 after buying an additional 24,866 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SYY. Barclays decreased their target price on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Guggenheim reiterated a “buy” rating and set a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Morgan Stanley dropped their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Sysco Price Performance

Sysco stock opened at $71.45 on Tuesday. The firm has a market cap of $34.96 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.88 and a beta of 0.91. The stock’s 50 day moving average is $72.69 and its 200 day moving average is $74.50. 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 one year low of $67.12 and a one year high of $82.23.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the company posted $0.89 EPS. As a group, research analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.86%. Sysco’s payout ratio is currently 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.