Garde Capital Inc. Purchases 973 Shares of SYSCO Co. (SYY)
Garde Capital Inc. lifted its position in shares of SYSCO Co. (NYSE:SYY) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,373 shares of the company’s stock after purchasing an additional 973 shares during the quarter. Garde Capital Inc.’s holdings in SYSCO were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in SYY. Valeo Financial Advisors LLC grew its holdings in shares of SYSCO by 98.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,267 shares of the company’s stock worth $138,000 after purchasing an additional 1,126 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of SYSCO by 465.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock worth $150,000 after purchasing an additional 2,291 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of SYSCO by 51.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock worth $158,000 after purchasing an additional 1,000 shares in the last quarter. Trustcore Financial Services LLC acquired a new stake in SYSCO in the 4th quarter valued at $194,000. Finally, Premia Global Advisors LLC acquired a new stake in SYSCO in the 4th quarter valued at $195,000. 79.02% of the stock is currently owned by institutional investors.
SYSCO Co. (NYSE:SYY) opened at $59.77 on Friday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.85. SYSCO Co. has a 52-week low of $48.85 and a 52-week high of $64.27. The stock has a market capitalization of $31,539.55, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.03 and a beta of 0.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a $0.36 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.44 annualized dividend and a yield of 2.41%. SYSCO’s payout ratio is 64.29%.
In other SYSCO news, Director Richard G. Tilghman sold 5,000 shares of SYSCO stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $59.80, for a total value of $299,000.00. Following the completion of the transaction, the director now owns 90,552 shares in the company, valued at approximately $5,415,009.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Russell T. Libby sold 13,334 shares of SYSCO stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $60.69, for a total value of $809,240.46. Following the completion of the transaction, the insider now owns 64,394 shares of the company’s stock, valued at approximately $3,908,071.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,704 shares of company stock valued at $10,012,748. Corporate insiders own 9.60% of the company’s stock.
Several analysts recently commented on the company. Loop Capital boosted their price target on SYSCO from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Pivotal Research boosted their price target on SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Morgan Stanley raised SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target on the stock in a research note on Tuesday, January 16th. Zacks Investment Research raised SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research note on Wednesday, January 10th. Finally, BMO Capital Markets set a $66.00 price target on SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $65.20.
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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