Guggenheim Capital LLC reduced its stake in SYSCO Co. (NYSE:SYY) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,244,649 shares of the company’s stock after selling 124,390 shares during the period. Guggenheim Capital LLC’s holdings in SYSCO were worth $75,587,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of SYY. Valeo Financial Advisors LLC increased its holdings in shares of 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 last quarter. Advisors Asset Management Inc. increased its holdings in shares of 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 last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of 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 last quarter. Trustcore Financial Services LLC bought a new stake in shares of SYSCO in the 4th quarter worth about $194,000. Finally, Scott & Selber Inc. bought a new stake in shares of SYSCO in the 4th quarter worth about $200,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Shares of SYSCO Co. (NYSE:SYY) opened at $61.28 on Monday. SYSCO Co. has a 52-week low of $48.85 and a 52-week high of $64.27. The firm has a market cap of $31,983.18, a P/E ratio of 23.30, a PEG ratio of 2.06 and a beta of 0.60. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors 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 annualized dividend and a dividend yield of 2.35%. SYSCO’s dividend payout ratio (DPR) is presently 64.29%.
In related news, SVP Greg D. Bertrand sold 81,038 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $60.76, for a total transaction of $4,923,868.88. Following the completion of the transaction, the senior vice president now owns 69,721 shares in the company, valued at approximately $4,236,247.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $61.76, for a total transaction of $481,728.00. Following the transaction, the executive vice president now owns 55,235 shares of the company’s stock, valued at approximately $3,411,313.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,895 shares of company stock valued at $8,335,371. 9.60% of the stock is currently owned by company insiders.
A number of equities analysts recently commented on SYY shares. Loop Capital lifted their price target on shares of SYSCO to $68.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $61.00 price target on shares of SYSCO in a research note on Tuesday, February 6th. BMO Capital Markets set a $66.00 price target on shares of SYSCO and gave the stock a “buy” rating in a research note on Friday, December 8th. Morgan Stanley raised shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a research note on Tuesday, January 16th. Finally, Pivotal Research lifted their price target on shares of SYSCO from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.20.
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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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