Diversify Wealth Management LLC Has $664,000 Stock Position in Sysco Co. (NYSE:SYY)

Diversify Wealth Management LLC boosted its stake in shares of Sysco Co. (NYSE:SYY) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,017 shares of the company’s stock after buying an additional 611 shares during the period. Diversify Wealth Management LLC’s holdings in Sysco were worth $664,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. LVW Advisors LLC raised its holdings in shares of Sysco by 13.1% during the fourth quarter. LVW Advisors LLC now owns 3,257 shares of the company’s stock valued at $249,000 after acquiring an additional 378 shares during the period. Gilman Hill Asset Management LLC raised its stake in Sysco by 0.7% during the 4th quarter. Gilman Hill Asset Management LLC now owns 53,697 shares of the company’s stock valued at $4,106,000 after purchasing an additional 391 shares during the period. Grove Bank & Trust lifted its holdings in shares of Sysco by 27.3% in the fourth quarter. Grove Bank & Trust now owns 11,343 shares of the company’s stock valued at $867,000 after purchasing an additional 2,433 shares in the last quarter. Liberty One Investment Management LLC boosted its position in shares of Sysco by 1.3% in the fourth quarter. Liberty One Investment Management LLC now owns 326,240 shares of the company’s stock worth $24,944,000 after buying an additional 4,043 shares during the period. Finally, Clarius Group LLC grew its holdings in shares of Sysco by 68.0% during the fourth quarter. Clarius Group LLC now owns 6,530 shares of the company’s stock valued at $499,000 after buying an additional 2,643 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This trade represents a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sheila Talton sold 2,900 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,306 shares of company stock valued at $6,485,050. Insiders own 0.54% of the company’s stock.

Sysco Stock Up 0.5 %

Shares of SYY stock opened at $73.47 on Wednesday. The company has a market capitalization of $36.09 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.03 and a beta of 1.18. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The stock’s 50 day simple moving average is $76.62 and its 200 day simple moving average is $75.87. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Sysco’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio is currently 52.44%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th. Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lowered their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Morgan Stanley cut their price objective on Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.79.

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.