Yousif Capital Management LLC Has $12.67 Million Holdings in Sysco Co. (NYSE:SYY)

Yousif Capital Management LLC trimmed its stake in Sysco Co. (NYSE:SYY) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,309 shares of the company’s stock after selling 3,970 shares during the period. Yousif Capital Management LLC’s holdings in Sysco were worth $12,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AdvisorNet Financial Inc boosted its position in shares of Sysco by 74.0% during the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of 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 buying an additional 179 shares in the last quarter. BluePath Capital Management LLC bought a new position in shares of Sysco during the 3rd quarter worth approximately $38,000. Milestone Investment Advisors LLC bought a new position in shares of Sysco during the 3rd quarter worth approximately $40,000. Finally, AllSquare Wealth Management LLC purchased a new stake in shares of Sysco during the 3rd quarter worth approximately $42,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

SYY traded up $0.52 during trading hours on Wednesday, hitting $77.48. The company’s stock had a trading volume of 1,082,868 shares, compared to its average volume of 2,892,156. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00. The business’s 50-day moving average price is $79.29 and its 200-day moving average price is $74.65. The stock has a market cap of $38.57 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.58 and a beta of 1.15. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. Sell-side analysts expect that Sysco Co. will post 4.3 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a yield of 2.58%. Sysco’s dividend payout ratio is presently 48.90%.

Insiders Place Their Bets

In other news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the transaction, the chief accounting officer now owns 24,082 shares in the company, valued at $1,926,560. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SYY shares. Stephens lifted their price objective on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. boosted 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 report on Thursday, February 1st. Barclays boosted their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets boosted their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research 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 data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus price target of $85.38.

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.