J.W. Cole Advisors Inc. Has $536,000 Stock Position in Sysco Co. (NYSE:SYY)

J.W. Cole Advisors Inc. lifted its holdings in shares of Sysco Co. (NYSE:SYY) by 38.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,324 shares of the company’s stock after buying an additional 2,024 shares during the period. J.W. Cole Advisors Inc.’s holdings in Sysco were worth $536,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Sysco by 74.0% during the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after purchasing an additional 159 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Sysco by 74.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock worth $28,000 after buying an additional 179 shares during the period. BluePath Capital Management LLC acquired a new position in Sysco during the 3rd quarter worth approximately $38,000. Milestone Investment Advisors LLC acquired a new position in Sysco during the 3rd quarter worth approximately $40,000. Finally, AllSquare Wealth Management LLC acquired a new position in Sysco during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling

In other Sysco news, CAO Neil Russell sold 1,722 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 24,082 shares in the company, valued at approximately $1,926,560. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.58% of the stock is owned by company insiders.

Sysco Stock Performance

Sysco stock opened at $76.94 on Wednesday. The stock’s 50 day simple moving average is $79.29 and its two-hundred day simple moving average is $74.65. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.80 and a current ratio of 1.37. The stock has a market cap of $38.30 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.58 and a beta of 1.15. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89.

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

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a yield of 2.60%. Sysco’s payout ratio is currently 48.90%.

Analysts Set New Price Targets

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

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.