Aptus Capital Advisors LLC Has $1.05 Million Stock Position in Sysco Co. (NYSE:SYY)

Aptus Capital Advisors LLC raised its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 186.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,778 shares of the company's stock after buying an additional 8,972 shares during the quarter. Aptus Capital Advisors LLC's holdings in Sysco were worth $1,053,000 as of its most recent SEC filing.

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Other hedge funds also recently modified their holdings of the company. Parvin Asset Management LLC bought a new stake in Sysco in the 4th quarter valued at $29,000. Stonebridge Financial Group LLC bought a new stake in shares of Sysco in the fourth quarter valued at about $31,000. Flagship Wealth Advisors LLC acquired a new stake in Sysco during the fourth quarter worth about $31,000. Sherman Asset Management Inc. bought a new position in Sysco during the fourth quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. raised its holdings in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after acquiring an additional 149 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Trading Down 0.9 %

SYY stock opened at $70.00 on Wednesday. The business has a fifty day moving average price of $72.42 and a 200 day moving average price of $74.21. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a fifty-two week low of $67.12 and a fifty-two week high of $82.23. The stock has a market capitalization of $33.93 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.88 and a beta of 0.80.

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Sysco (NYSE:SYY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). The business had revenue of $19.60 billion during the quarter, compared to analyst estimates of $20.11 billion. Sysco had a net margin of 2.40% and a return on equity of 106.30%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.54 per share. This is a boost from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Thursday, July 3rd. Sysco's dividend payout ratio is 55.96%.

Insider Activity at Sysco

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In other Sysco news, Director Sheila Talton sold 356 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total transaction of $25,219.04. Following the transaction, the director now owns 12,738 shares of the company's stock, valued at approximately $902,359.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SYY has been the topic of a number of research reports. StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. UBS Group lowered their price target on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Guggenheim reissued a "buy" rating and issued a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.38.

View Our Latest Research Report on Sysco

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.

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