Schechter Investment Advisors LLC Acquires 4,866 Shares of Sysco Co. (NYSE:SYY)

Schechter Investment Advisors LLC increased its holdings in shares of Sysco Co. (NYSE:SYY) by 46.1% during the 4th quarter, HoldingsChannel reports. The firm owned 15,421 shares of the company’s stock after purchasing an additional 4,866 shares during the period. Schechter Investment Advisors LLC’s holdings in Sysco were worth $1,179,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fortem Financial Group LLC raised its position in Sysco by 3.6% in the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock valued at $296,000 after buying an additional 136 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after buying an additional 149 shares during the last quarter. S.A. Mason LLC raised its position in Sysco by 10.7% in the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock valued at $118,000 after buying an additional 150 shares during the last quarter. Cable Hill Partners LLC raised its position in Sysco by 3.9% in the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock valued at $316,000 after buying an additional 152 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in Sysco by 12.3% in the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock valued at $108,000 after buying an additional 154 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SYY shares. UBS Group dropped their target price on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. Guggenheim reissued a “buy” rating and issued a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.77.

Sysco Stock Performance

SYY opened at $75.61 on Tuesday. The business has a fifty day simple moving average of $73.63 and a 200 day simple moving average of $75.64. The company has a market capitalization of $36.99 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. 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 (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the business posted $0.89 earnings per share. Research analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. Sysco’s dividend payout ratio is currently 52.44%.

Insider Buying and Selling

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. This represents a 11.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,370 shares of company stock worth $5,965,519 in the last ninety days. 0.54% of the stock is owned by insiders.

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.