Aevitas Wealth Management Inc. acquired a new stake in shares of SYSCO Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,023 shares of the company’s stock, valued at approximately $305,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. First Personal Financial Services increased its holdings in SYSCO by 293.2% in the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock worth $106,000 after buying an additional 1,463 shares during the period. Valeo Financial Advisors LLC increased its holdings in SYSCO by 98.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,267 shares of the company’s stock worth $138,000 after buying an additional 1,126 shares during the period. Advisors Asset Management Inc. increased its holdings in SYSCO by 465.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock worth $150,000 after buying an additional 2,291 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in SYSCO by 51.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock worth $158,000 after buying an additional 1,000 shares during the period. Finally, Trustcore Financial Services LLC acquired a new position in SYSCO in the 4th quarter worth approximately $194,000. Hedge funds and other institutional investors own 77.72% of the company’s stock.
In other news, SVP William W. Goetz sold 11,323 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $62.00, for a total transaction of $702,026.00. Following the transaction, the senior vice president now owns 35,825 shares in the company, valued at approximately $2,221,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wayne Shurts sold 7,800 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $61.76, for a total value of $481,728.00. Following the transaction, the executive vice president now owns 55,235 shares in the company, valued at approximately $3,411,313.60. The disclosure for this sale can be found here. Insiders have sold a total of 136,895 shares of company stock worth $8,335,371 in the last ninety days. Corporate insiders own 9.60% of the company’s stock.
Shares of SYSCO Co. (NYSE SYY) opened at $59.65 on Thursday. The company has a market cap of $31,080.00, a P/E ratio of 25.93, a PEG ratio of 2.02 and a beta of 0.56. SYSCO Co. has a one year low of $48.85 and a one year high of $64.27. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.85 and a current ratio of 1.38.
SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $14.15 billion. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. research analysts forecast that SYSCO Co. will post 2.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.41%. SYSCO’s payout ratio is 62.61%.
SYSCO Company Profile
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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