BLB&B Advisors LLC increased its stake in SYSCO Co. (NYSE:SYY) by 12.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,847 shares of the company’s stock after purchasing an additional 3,115 shares during the period. BLB&B Advisors LLC’s holdings in SYSCO were worth $1,859,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sontag Advisory LLC bought a new position in SYSCO in the 4th quarter worth approximately $25,000. Focused Wealth Management Inc raised its position in shares of SYSCO by 244.1% during the 4th quarter. Focused Wealth Management Inc now owns 468 shares of the company’s stock valued at $29,000 after acquiring an additional 332 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in shares of SYSCO during the 4th quarter valued at $29,000. Valley National Advisers Inc. raised its position in shares of SYSCO by 60.5% during the 4th quarter. Valley National Advisers Inc. now owns 472 shares of the company’s stock valued at $30,000 after acquiring an additional 178 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC bought a new stake in shares of SYSCO during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 80.19% of the company’s stock.

SYY opened at $70.99 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.25 and a quick ratio of 0.76. SYSCO Co. has a 12 month low of $59.44 and a 12 month high of $75.98. The firm has a market capitalization of $36.45 billion, a P/E ratio of 22.61, a PEG ratio of 1.99 and a beta of 0.54.

SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, February 4th. The company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. SYSCO had a net margin of 2.48% and a return on equity of 71.45%. The business had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $14.75 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that SYSCO Co. will post 3.4 earnings per share for the current fiscal year.

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 given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, April 4th. SYSCO’s dividend payout ratio is currently 49.68%.

In related news, EVP Robert S. Charlton sold 22,321 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $65.83, for a total value of $1,469,391.43. Following the completion of the sale, the executive vice president now owns 61,460 shares in the company, valued at approximately $4,045,911.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Trian Fund Management, L.P. sold 707,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $66.30, for a total transaction of $46,874,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 789,477 shares of company stock valued at $52,157,382. 7.88% of the stock is owned by corporate insiders.

SYY has been the subject of several recent research reports. Loop Capital set a $75.00 target price on shares of SYSCO and gave the company a “buy” rating in a research report on Tuesday, February 5th. Zacks Investment Research upgraded shares of SYSCO from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Tuesday, March 19th. Bank of America cut shares of SYSCO from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research report on Wednesday, January 16th. Finally, Pivotal Research reiterated a “sell” rating and set a $54.00 target price on shares of SYSCO in a research report on Friday, February 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.00.

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SYSCO Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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