Aptus Capital Advisors LLC Takes Position in Sysco Co. (NYSE:SYY)

Aptus Capital Advisors LLC bought a new stake in Sysco Co. (NYSE:SYYFree Report) in the third quarter, HoldingsChannel.com reports. The firm bought 3,279 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SYY. Hexagon Capital Partners LLC boosted its holdings in Sysco by 74.6% in the third quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares during the period. Sunbelt Securities Inc. purchased a new position in Sysco in the first quarter valued at $32,000. CGC Financial Services LLC purchased a new position in Sysco in the second quarter valued at $33,000. Intrepid Capital Management Inc. purchased a new position in Sysco in the second quarter valued at $35,000. Finally, Tyler Stone Wealth Management purchased a new stake in Sysco during the 2nd quarter worth about $37,000. 80.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SYY. Morgan Stanley lifted their price target on Sysco from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 1st. Barclays lifted their price target on Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft began coverage on Sysco in a report on Thursday, October 19th. They set a “buy” rating and a $75.00 price target for the company. Finally, BMO Capital Markets lifted their price target on Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.44.

Check Out Our Latest Stock Report on Sysco

Sysco Stock Performance

Shares of SYY stock opened at $79.55 on Monday. The stock has a market capitalization of $40.12 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. Sysco Co. has a 52-week low of $62.24 and a 52-week high of $82.89. The stock’s 50-day moving average price is $75.48 and its 200 day moving average price is $71.34. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 5.00.

Sysco (NYSE:SYYGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $19.29 billion for 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 firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, equities research analysts forecast that Sysco Co. will post 4.3 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 5th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, January 4th. Sysco’s dividend payout ratio (DPR) is presently 48.90%.

Insiders Place Their Bets

In other Sysco news, Director Sheila Talton sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $71.76, for a total transaction of $157,872.00. Following the transaction, the director now owns 12,782 shares in the company, valued at approximately $917,236.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is currently owned by insiders.

Sysco Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Co. (NYSE:SYYFree Report).

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.