Disciplined Equity Management Inc. Purchases New Position in Sysco Co. (NYSE:SYY)

Disciplined Equity Management Inc. acquired a new position in Sysco Co. (NYSE:SYY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,035 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its stake in Sysco by 74.0% in the fourth 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 boosted its stake in 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 purchasing an additional 179 shares in the last quarter. BluePath Capital Management LLC acquired a new position in Sysco in the third quarter worth $38,000. BKM Wealth Management LLC acquired a new position in Sysco in the fourth quarter worth $42,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Sysco during the third quarter worth $40,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total transaction of $137,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,082 shares of the company’s stock, 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. 0.58% of the stock is owned by insiders.

Sysco Trading Up 0.4 %

Shares of Sysco stock traded up $0.33 during trading hours on Wednesday, hitting $77.29. The company’s stock had a trading volume of 1,765,214 shares, compared to its average volume of 2,901,943. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89. The stock has a 50 day moving average of $79.26 and a 200 day moving average of $74.67. The company has a market capitalization of $38.48 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80.

Sysco (NYSE:SYY) last announced 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 company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.32 billion. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. Analysts predict that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.