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

Angeles Investment Advisors LLC lifted its holdings in Sysco Co. (NYSE:SYY) by 6.0% in the fourth quarter, Holdings Channel reports. The firm owned 5,789 shares of the company’s stock after buying an additional 329 shares during the period. Angeles Investment Advisors LLC’s holdings in Sysco were worth $443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in Sysco in the 3rd quarter worth approximately $464,000. Intech Investment Management LLC raised its stake in shares of Sysco by 86.6% in the third quarter. Intech Investment Management LLC now owns 26,576 shares of the company’s stock worth $2,075,000 after purchasing an additional 12,332 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Sysco during the third quarter worth about $754,000. Massachusetts Financial Services Co. MA purchased a new stake in Sysco in the third quarter valued at approximately $137,900,000. Finally, Pacer Advisors Inc. increased its holdings in Sysco by 21.3% in the 3rd quarter. Pacer Advisors Inc. now owns 96,941 shares of the company’s stock worth $7,567,000 after buying an additional 16,997 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Performance

NYSE SYY opened at $71.12 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. The stock has a 50-day moving average of $73.10 and a 200 day moving average of $75.32. The stock has a market capitalization of $34.79 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 quarter in the previous year, the company earned $0.89 earnings per share. Sell-side analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Wall Street Analyst Weigh In

SYY has been the subject of several research reports. Guggenheim restated 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 shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Melius assumed coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.77.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

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.