Impact Capital Partners LLC Makes New $306,000 Investment in Sysco Co. (NYSE:SYY)

Impact Capital Partners LLC bought a new stake in Sysco Co. (NYSE:SYY) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,006 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors also recently made changes to their positions in the business. PGGM Investments raised its position in shares of Sysco by 72.0% in the 4th quarter. PGGM Investments now owns 7,330 shares of the company’s stock valued at $560,000 after purchasing an additional 3,069 shares in the last quarter. Achmea Investment Management B.V. raised its position in shares of Sysco by 16.1% in the 4th quarter. Achmea Investment Management B.V. now owns 84,798 shares of the company’s stock valued at $6,483,000 after purchasing an additional 11,747 shares in the last quarter. Essential Planning LLC. acquired a new position in shares of Sysco in the 4th quarter valued at approximately $866,000. Hopwood Financial Services Inc. acquired a new position in shares of Sysco in the 4th quarter valued at approximately $65,000. Finally, Farther Finance Advisors LLC raised its position in shares of Sysco by 18.6% in the 4th quarter. Farther Finance Advisors LLC now owns 4,204 shares of the company’s stock valued at $321,000 after purchasing an additional 660 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on SYY shares. Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price target on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley dropped their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Barclays dropped their price target on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.77.

Sysco Price Performance

Shares of NYSE SYY opened at $72.63 on Friday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The business’s fifty day moving average price is $73.32 and its two-hundred day moving average price is $75.54. The firm has a market capitalization of $35.53 billion, a PE ratio of 18.67, a P/E/G ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the firm earned $0.89 EPS. On average, research analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.81%. Sysco’s payout ratio is 52.44%.

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.