Cwm LLC Boosts Stock Holdings in Sysco Co. (NYSE:SYY)

Cwm LLC raised its holdings in shares of Sysco Co. (NYSE:SYY) by 38.1% during the fourth quarter, HoldingsChannel reports. The firm owned 43,357 shares of the company’s stock after purchasing an additional 11,963 shares during the period. Cwm LLC’s holdings in Sysco were worth $3,171,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. AdvisorNet Financial Inc grew its position in shares of Sysco by 74.0% in the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after buying an additional 159 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Sysco by 74.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the period. BluePath Capital Management LLC acquired a new position in shares of Sysco in the 3rd quarter valued at $38,000. Milestone Investment Advisors LLC acquired a new position in shares of Sysco in the 3rd quarter valued at $40,000. Finally, AllSquare Wealth Management LLC acquired a new position in shares of Sysco in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SYY shares. Barclays boosted 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. Stephens upped their target price on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. BMO Capital Markets upped their price objective on shares of Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.38.

Insider Buying and Selling

In related news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the sale, the chief accounting officer now directly owns 24,082 shares in the company, valued at $1,926,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.58% of the company’s stock.

Sysco Stock Up 0.4 %

Shares of SYY opened at $77.29 on Thursday. The stock has a market capitalization of $38.48 billion, a PE ratio of 18.90, a P/E/G ratio of 1.57 and a beta of 1.15. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89. 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 company’s 50-day simple moving average is $79.26 and its 200-day simple moving average is $74.67.

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

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.59%. Sysco’s payout ratio is 48.90%.

Sysco Company Profile

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.