Laurel Wealth Advisors LLC Buys 300 Shares of Sysco Co. (NYSE:SYY)

Laurel Wealth Advisors LLC increased its position in Sysco Co. (NYSE:SYY) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,300 shares of the company’s stock after buying an additional 300 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Sysco were worth $176,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its stake in shares of Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after acquiring an additional 310 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Sysco during the 3rd quarter valued at approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in Sysco in the 3rd quarter worth approximately $31,000. Focused Wealth Management Inc bought a new stake in shares of Sysco in the 3rd quarter worth approximately $37,000. Finally, Fairscale Capital LLC purchased a new position in shares of Sysco during the second quarter valued at approximately $38,000. 83.41% of the stock is currently owned by institutional investors.

Insider Transactions at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,306 shares of company stock worth $6,485,050 over the last three months. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on SYY. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Melius began coverage on Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.93.

Sysco Trading Up 0.4 %

NYSE:SYY opened at $73.98 on Wednesday. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The stock has a market cap of $36.34 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.10 and a beta of 1.18. The company’s 50 day moving average price is $76.94 and its 200-day moving average price is $75.78. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. On average, equities research analysts forecast that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s payout ratio is presently 52.44%.

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.