Sysco Co. (NYSE:SYY) Shares Acquired by DeDora Capital Inc.

DeDora Capital Inc. grew its position in Sysco Co. (NYSE:SYY) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,145 shares of the company’s stock after purchasing an additional 157 shares during the period. DeDora Capital Inc.’s holdings in Sysco were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SYY. Hexagon Capital Partners LLC boosted its position in Sysco by 74.6% during 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. Sunbelt Securities Inc. purchased a new position in Sysco during the first quarter worth approximately $32,000. CGC Financial Services LLC purchased a new position in Sysco during the second quarter worth approximately $33,000. Intrepid Capital Management Inc. purchased a new position in Sysco during the second quarter worth approximately $35,000. Finally, Tyler Stone Wealth Management purchased a new position in Sysco during the second quarter worth approximately $37,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Sysco news, CAO Neil Russell sold 1,722 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by insiders.

Sysco Price Performance

Shares of NYSE:SYY traded down $0.76 during midday trading on Thursday, hitting $81.18. The company had a trading volume of 3,201,727 shares, compared to its average volume of 3,029,272. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. The stock has a market cap of $40.41 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. The business’s 50-day simple moving average is $79.56 and its 200-day simple moving average is $73.31.

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

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders 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 annualized dividend and a yield of 2.46%. Sysco’s dividend payout ratio (DPR) is 48.90%.

Sysco 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.