10,282 Shares in Sysco Co. (NYSE:SYY) Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. purchased a new stake in Sysco Co. (NYSE:SYY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,282 shares of the company’s stock, valued at approximately $786,000.

Other institutional investors have also recently bought and sold shares of the company. Fortem Financial Group LLC grew its stake in shares of Sysco by 3.6% in the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock valued at $296,000 after acquiring an additional 136 shares in the last quarter. Morton Community Bank boosted its holdings in Sysco by 0.4% in the 4th quarter. Morton Community Bank now owns 40,585 shares of the company’s stock valued at $3,103,000 after purchasing an additional 145 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after purchasing an additional 149 shares in the last quarter. S.A. Mason LLC increased its holdings in shares of Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after purchasing an additional 150 shares during the period. Finally, HM Payson & Co. raised its position in shares of Sysco by 0.8% in the fourth quarter. HM Payson & Co. now owns 19,160 shares of the company’s stock valued at $1,465,000 after buying an additional 150 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the transaction, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Sysco Stock Performance

Sysco stock opened at $74.78 on Tuesday. The business has a 50 day moving average of $73.28 and a 200-day moving average of $75.49. The company has a market capitalization of $36.58 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. 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 (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the company posted $0.89 earnings per share. On average, equities research analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.73%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Analysts Set New Price Targets

SYY has been the topic of a number of recent research reports. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Melius began coverage on Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Morgan Stanley reduced their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group cut their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and an average price target of $84.77.

About Sysco

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.