Pacer Advisors Inc. Has $6.01 Million Position in Sysco Co. (NYSE:SYY)

Pacer Advisors Inc. lifted its stake in shares of Sysco Co. (NYSE:SYY) by 40.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,239 shares of the company’s stock after purchasing an additional 23,558 shares during the quarter. Pacer Advisors Inc.’s holdings in Sysco were worth $6,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYY. Moneta Group Investment Advisors LLC grew its holdings in shares of Sysco by 70,686.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,967,508 shares of the company’s stock valued at $532,666,000 after purchasing an additional 6,957,665 shares during the last quarter. Norges Bank bought a new stake in Sysco during the 4th quarter worth approximately $397,373,000. Morgan Stanley grew its holdings in Sysco by 34.8% during the 4th quarter. Morgan Stanley now owns 6,459,895 shares of the company’s stock worth $493,859,000 after acquiring an additional 1,666,008 shares during the last quarter. Holocene Advisors LP bought a new stake in Sysco during the 2nd quarter worth approximately $107,472,000. Finally, Imprint Wealth LLC grew its holdings in Sysco by 7,204.3% during the 2nd quarter. Imprint Wealth LLC now owns 1,293,809 shares of the company’s stock worth $129,381,000 after acquiring an additional 1,276,096 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sysco news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the transaction, the chief accounting officer now owns 24,082 shares in the company, valued at $1,926,560. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Sysco Stock Down 0.9 %

Sysco stock opened at $81.18 on Friday. 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 Co. has a 12-month low of $62.24 and a 12-month high of $82.89. The firm’s fifty day moving average is $79.56 and its 200 day moving average is $73.31. The company has a market capitalization of $40.41 billion, a PE ratio of 19.85, a PEG ratio of 1.65 and a beta of 1.16.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 annualized dividend and a yield of 2.46%. Sysco’s payout ratio is 48.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SYY. JPMorgan Chase & Co. boosted their price target on shares of Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Barclays boosted their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Stephens boosted their price target on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.38.

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.