Kapitalo Investimentos Ltda Buys Shares of 2,938 Sysco Co. (NYSE:SYY)

Kapitalo Investimentos Ltda purchased a new position in Sysco Co. (NYSE:SYY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,938 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also modified their holdings of SYY. Stonebridge Financial Group LLC acquired a new position in Sysco in the fourth quarter valued at approximately $31,000. Sherman Asset Management Inc. bought a new stake in shares of Sysco in the 4th quarter worth approximately $31,000. Flagship Wealth Advisors LLC acquired a new position in Sysco during the 4th quarter valued at approximately $31,000. SRS Capital Advisors Inc. grew its stake in Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after buying an additional 149 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its position in Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock worth $47,000 after buying an additional 321 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Down 0.4 %

NYSE SYY opened at $70.17 on Wednesday. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The company has a market capitalization of $34.33 billion, a P/E ratio of 18.04, a PEG ratio of 1.88 and a beta of 0.91. The company’s 50 day simple moving average is $72.77 and its 200 day simple moving average is $74.38. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.06). The company had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a net margin of 2.40% and a return on equity of 106.30%. Sysco’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Equities research analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be given a $0.54 dividend. This is a positive change from Sysco’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, July 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.08%. Sysco’s dividend payout ratio (DPR) is 55.53%.

Wall Street Analyst Weigh In

SYY has been the subject of several recent research reports. Sanford C. Bernstein set a $87.00 price target on shares of Sysco and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. Morgan Stanley decreased their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Finally, UBS Group cut their target price on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.07.

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.