Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $2.46 Million Position in Sysco Co. (NYSE:SYY)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Sysco Co. (NYSE:SYY) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,360 shares of the company’s stock after purchasing an additional 149 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Sysco were worth $2,457,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SYY. AdvisorNet Financial Inc raised its position in shares of Sysco by 74.0% in the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Sysco by 74.6% in the third 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. BluePath Capital Management LLC bought a new position in shares of Sysco in the third quarter worth about $38,000. BKM Wealth Management LLC bought a new position in shares of Sysco in the fourth quarter worth about $42,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Sysco in the third quarter worth about $40,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.4 %

SYY traded down $0.34 during mid-day trading on Tuesday, reaching $76.98. 709,273 shares of the stock were exchanged, compared to its average volume of 2,897,593. 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 stock has a market capitalization of $38.32 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.15. The company has a 50 day moving average price of $79.33 and a two-hundred day moving average price of $74.55. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings data 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. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. As a group, research analysts anticipate that Sysco Co. will post 4.3 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s dividend payout ratio is currently 48.90%.

Analyst Ratings Changes

SYY has been the subject of a number of research reports. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Stephens raised their price target on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report 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 report on Tuesday, March 19th. Barclays raised their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, 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 report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average price target of $85.38.

Insider Activity at Sysco

In related news, CAO Neil Russell sold 1,722 shares of the business’s 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 sale, the chief accounting officer now directly owns 24,082 shares in the company, valued at approximately $1,926,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.58% of the stock is currently owned by company 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.