Triglav Skladi D.O.O. Invests $1.53 Million in Sysco Co. (NYSE:SYY)

Triglav Skladi D.O.O. acquired a new position in shares of Sysco Co. (NYSE:SYY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $1,529,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Buckley Wealth Management LLC boosted its position in shares of Sysco by 0.8% during the fourth quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company’s stock worth $1,391,000 after buying an additional 150 shares during the period. WR Wealth Planners LLC boosted its position in shares of Sysco by 9.9% during the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company’s stock worth $326,000 after buying an additional 386 shares during the period. Boston Trust Walden Corp boosted its position in shares of Sysco by 179.5% during the fourth quarter. Boston Trust Walden Corp now owns 804,345 shares of the company’s stock worth $61,500,000 after buying an additional 516,585 shares during the period. Lmcg Investments LLC bought a new stake in Sysco during the fourth quarter worth about $3,668,000. Finally, Nisa Investment Advisors LLC boosted its position in Sysco by 18.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 218,813 shares of the company’s stock valued at $16,730,000 after purchasing an additional 34,829 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 356 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total transaction of $25,219.04. Following the sale, the director now owns 12,738 shares of the company’s stock, valued at $902,359.92. This represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Sysco Price Performance

NYSE:SYY opened at $72.34 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The stock’s 50 day moving average price is $71.78 and its two-hundred day moving average price is $74.03. The firm has a market capitalization of $35.07 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.88 and a beta of 0.80. Sysco Co. has a 12-month low of $67.12 and a 12-month high of $82.23.

Sysco (NYSE:SYY) last released its quarterly earnings data 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 business 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 quarter in the prior year, the company earned $0.96 EPS. On average, analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, July 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from Sysco’s previous quarterly dividend of $0.51. Sysco’s dividend payout ratio (DPR) is 55.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SYY shares. Barclays reduced their price target on Sysco from $87.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. UBS Group reduced their price target on Sysco from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets reduced their price target on Sysco from $82.00 to $77.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reduced their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.38.

Sysco Company 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.