Global X Japan Co. Ltd. Boosts Position in Sysco Co. (NYSE:SYY)

Global X Japan Co. Ltd. increased its holdings in Sysco Co. (NYSE:SYY) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,994 shares of the company’s stock after acquiring an additional 1,068 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Sysco were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Fortem Financial Group LLC raised its stake in Sysco by 3.6% in the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after buying an additional 136 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in Sysco by 3.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after acquiring an additional 146 shares during the period. S.A. Mason LLC grew its stake in shares of Sysco by 10.7% in the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after acquiring an additional 150 shares during the period. Cable Hill Partners LLC raised its holdings in shares of Sysco by 3.9% during the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock valued at $316,000 after purchasing an additional 152 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in Sysco by 12.3% during the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock valued at $108,000 after purchasing an additional 154 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.3 %

Shares of NYSE:SYY opened at $71.20 on Friday. 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. The business’s 50 day moving average price is $76.00 and its 200-day moving average price is $75.95. The firm has a market capitalization of $34.83 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the company earned $0.89 earnings per share. On average, equities research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, January 3rd. Sysco’s payout ratio is 52.44%.

Insider Activity

In other Sysco news, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the transaction, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,876,080. This represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SYY has been the subject of a number of research reports. Barclays decreased their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group decreased their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Finally, Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.38.

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.