Capital Investment Advisors LLC reduces shares in Sysco Co. (NYSE: SYY)


Capital Investment Advisors LLC downgrades its position in Sysco Co. (NYSE: SYY – Get Rating) by 3.5% in the first quarter, reports Holdings Channel.com. The institutional investor owns 14,513 shares of the company’s shares after selling 520 shares during the period. Sysco’s Capital Investment Advisors LLC held $ 1,185,000 at the time of its last filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently changed their holdings in SYY. EverSource Wealth Advisors LLC bought a new stake in Sysco in the fourth quarter worth approximately $ 25,000. Allegheny Financial Group LTD bought a new stake in Sysco in the 4th quarter worth approximately $ 31,000. KRS Capital Management LLC bought a new stake in Sysco in the 4th quarter worth approximately $ 31,000. Atticus Wealth Management LLC bought a new stake in Sysco in the 4th quarter worth approximately $ 39,000. Finally, MayTech Global Investments LLC purchased a new stake in Sysco in the 4th quarter worth approximately $ 39,000. Hedge funds and other institutional investors own 80.64% of the company’s shares.

SYY has been the subject of several recent research reports. Piper Sandler raised his target for Sysco prices from $ 83.00 to $ 90.00 and gave the stock a rating of “overweight” in a research report on Friday, April 8. StockNews.com downgraded Sysco from a “strong buy” rating to a “buy” rating in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft raised its target price for Sysco from $ 82.00 to $ 84.00 in a research report on Wednesday, May 11. Credit Suisse Group increased its target price for Sysco from $ 97.00 to $ 107.00 in a research report on Wednesday, May 11. Finally, CL King began covering Sysco in a research report on Friday, March 11th. They set a “neutral” stock rating. Three investment analysts rated the shares with a retention rating, and seven assigned a share purchase rating. Based on MarketBeat data, Sysco currently has a consensus rating of “Moderate Buying” and a consensus target of $ 93.67.

NYSE SYY opened at $ 85.57 on Friday. The business has a 50-day moving average price of $ 83.46 and a 200-day moving average price of $ 81.32. Sysco Co. has a one-year low of $ 68.05 and a one-year high of $ 91.53. The company has a debt to equity ratio of 8.03, a fast ratio of 0.72 and a current ratio of 1.24. The company has a market capitalization of $ 43.60 billion, a P / E ratio of 44.11, a P / E / G ratio of 2.20 and a beta ratio of 1.15.

Sysco (NYSE: SYY – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $ 0.71 EPS for the quarter, beating the consensus estimate of $ 0.54 by $ 0.17. Sysco had a return on equity of 100.62% and a net profit of 1.52%. The firm had revenue of $ 16.90 billion in the quarter, compared to the consensus estimate of $ 15.99 billion. In the same period last year, the company earned $ 0.22 EPS. The company’s revenues increased by 42.9% compared to the same quarter last year. As a group, sales analysts predict that Sysco Co. will report EPS 3.23 for the current fiscal year.

The company also recently unveiled a three-month dividend that will be paid on Friday, July 22nd. The record investors on Friday, July 1, will receive a dividend of $ 0.49. This is an increase over Sysco’s previous quarterly dividend of $ 0.47. This represents a $ 1.96 annual dividend and a yield of 2.29%. The date of the former dividend is Thursday, June 30. Sysco’s dividend payout ratio is currently 96.91%.

In other Sysco news, EVP Greg D. Bertrand sold 50,000 shares of the company’s stock in a deal on Thursday, April 21. The shares were sold at an average price of $ 90.00, for a total value of $ 4,500,000.00. Following the completion of the sale, the executive vice president now directly owns 32,324 shares of the company’s stock worth approximately $ 2,909,160. The sale was revealed in documentation in the Securities and Exchange Commission, which you can access through this hyperlink. Also, CFO Aaron E. Alt bought 1,000 shares of the company’s shares in a deal on Tuesday, June 21st. The shares were purchased at an average price of $ 80.09 per share, with a total value of $ 80,090.00. Following the completion of the purchase, the Chief Financial Officer now directly owns 14,220 shares of the company worth $ 1,138,879.80. The disclosure of this purchase can be found here. 0.31% of the shares are currently owned by corporate insiders.

Sysco profile (Get a rating)

Sysco Corporation, through its subsidiaries, is involved in the marketing and distribution of various food and related products primarily to the food or food industry away from home in the United States, Canada, the United Kingdom, France and internationally. He works through US Foodservice Operations, International Foodservice Operations, SYGMA and other segments.

See also

Want to see what other hedge funds hold SYY? Visit HoldingsChannel.com to receive the latest 13F orders and domestic deals for Sysco Co. (NYSE: SYY – Get rating).

Sysco Quarterly Institutional Ownership (NYSE: SYY)



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