F M Investments LLC Purchases 13,113 Shares of Sysco Co. (NYSE:SYY)

F M Investments LLC raised its position in shares of Sysco Co. (NYSE:SYY) by 59.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,154 shares of the company’s stock after acquiring an additional 13,113 shares during the quarter. F M Investments LLC’s holdings in Sysco were worth $2,688,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SYY. Stonebridge Financial Group LLC acquired a new stake in Sysco during the fourth quarter worth approximately $31,000. Sherman Asset Management Inc. bought a new position in shares of Sysco during the 4th quarter worth approximately $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Sysco during the 4th quarter worth approximately $31,000. SRS Capital Advisors Inc. increased its stake in shares of 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. Finally, HHM Wealth Advisors LLC lifted its position in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 321 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SYY has been the subject of several research analyst reports. Barclays decreased their price target 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. Wells Fargo & Company upped their price target on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Morgan Stanley reduced 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 report on Wednesday, January 29th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $84.77.

Sysco Stock Performance

Shares of SYY opened at $69.60 on Friday. The stock has a 50 day moving average of $72.63 and a 200 day moving average of $74.80. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The company has a market capitalization of $34.05 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 last year, the business earned $0.89 EPS. As a group, sell-side analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. Sysco’s payout ratio is 52.44%.

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.