Bredin Investment LLC Takes Position in SYSCO Co. (SYY)
Bredin Investment LLC acquired a new stake in shares of SYSCO Co. (NYSE:SYY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,420 shares of the company’s stock, valued at approximately $509,000.
Other large investors also recently made changes to their positions in the company. First Personal Financial Services grew its stake in shares of SYSCO by 293.2% during the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after acquiring an additional 1,463 shares during the period. Acrospire Investment Management LLC grew its stake in shares of SYSCO by 84.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after acquiring an additional 1,100 shares during the period. Manchester Capital Management LLC grew its stake in shares of SYSCO by 13.4% during the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after acquiring an additional 300 shares during the period. Advisors Asset Management Inc. grew its stake in shares of SYSCO by 465.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after acquiring an additional 2,291 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of SYSCO by 51.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock valued at $158,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 79.93% of the company’s stock.
In other news, SVP Greg D. Bertrand sold 81,038 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $60.76, for a total transaction of $4,923,868.88. Following the sale, the senior vice president now directly owns 69,721 shares of the company’s stock, valued at approximately $4,236,247.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $61.76, for a total value of $481,728.00. Following the sale, the executive vice president now owns 55,235 shares in the company, valued at approximately $3,411,313.60. The disclosure for this sale can be found here. Insiders have sold a total of 294,695 shares of company stock worth $16,866,723 over the last ninety days. Insiders own 9.60% of the company’s stock.
Shares of SYSCO Co. (NYSE SYY) opened at $63.59 on Tuesday. The stock has a market capitalization of $32,935.96, a P/E ratio of 28.90, a PEG ratio of 2.46 and a beta of 0.53. SYSCO Co. has a twelve month low of $48.85 and a twelve month high of $63.65. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77.
SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The business had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.43 billion. SYSCO had a return on equity of 58.47% and a net margin of 2.12%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. equities research analysts predict that SYSCO Co. will post 2.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.26%. This is a boost from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. SYSCO’s dividend payout ratio is 65.45%.
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SYSCO Company Profile
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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