Jacobs & Co. CA Purchases 2,153 Shares of Sysco Co. (NYSE:SYY)

Jacobs & Co. CA lifted its position in Sysco Co. (NYSE:SYY) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 123,935 shares of the company’s stock after purchasing an additional 2,153 shares during the quarter. Jacobs & Co. CA’s holdings in Sysco were worth $9,063,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hexagon Capital Partners LLC grew its holdings in Sysco by 74.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Sysco in the 1st quarter valued at approximately $32,000. CGC Financial Services LLC acquired a new stake in Sysco during the 2nd quarter worth approximately $33,000. Intrepid Capital Management Inc. acquired a new stake in Sysco during the 2nd quarter worth approximately $35,000. Finally, Tyler Stone Wealth Management acquired a new stake in Sysco during the 2nd quarter worth approximately $37,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stephens raised their target price on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. BMO Capital Markets raised their price target 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. JPMorgan Chase & Co. raised 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. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. Finally, Barclays raised their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.38.

Insider Activity

In related news, CAO Neil Russell sold 1,722 shares of Sysco stock in a transaction dated 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 owns 24,082 shares of the company’s stock, valued at approximately $1,926,560. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.58% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $81.94 on Thursday. The company has a market capitalization of $40.79 billion, a PE ratio of 20.03, a P/E/G ratio of 1.65 and a beta of 1.16. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.80 and a current ratio of 1.37. The company has a 50 day simple moving average of $79.42 and a two-hundred day simple moving average of $73.25.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The company had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same period last year, the business earned $0.80 EPS. Sysco’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s dividend payout ratio is presently 48.90%.

About Sysco

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.