Mount Yale Investment Advisors LLC Purchases 5,783 Shares of Sysco Co. (NYSE:SYY)

Mount Yale Investment Advisors LLC raised its position in shares of Sysco Co. (NYSE:SYY) by 75.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,457 shares of the company’s stock after purchasing an additional 5,783 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Sysco were worth $1,029,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kavar Capital Partners Group LLC increased its holdings in Sysco by 2.6% during the fourth quarter. Kavar Capital Partners Group LLC now owns 26,687 shares of the company’s stock valued at $2,040,000 after buying an additional 675 shares during the last quarter. Webster Bank N. A. increased its stake in shares of Sysco by 11.5% in the 4th quarter. Webster Bank N. A. now owns 2,912 shares of the company’s stock worth $223,000 after purchasing an additional 300 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Sysco by 118.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 6,307 shares of the company’s stock worth $482,000 after purchasing an additional 3,415 shares during the period. Olstein Capital Management L.P. bought a new position in Sysco in the 4th quarter worth $4,435,000. Finally, Toth Financial Advisory Corp lifted its position in Sysco by 1.3% during the fourth quarter. Toth Financial Advisory Corp now owns 137,512 shares of the company’s stock valued at $10,514,000 after purchasing an additional 1,804 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,306 shares of company stock valued at $6,485,050. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday. Melius began coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Melius Research upgraded shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.79.

Sysco Stock Performance

NYSE:SYY opened at $76.83 on Tuesday. The company has a market cap of $37.74 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.04 and a beta of 1.18. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. The stock’s 50 day simple moving average is $76.45 and its two-hundred day simple moving average is $75.99. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Friday, January 3rd. Sysco’s dividend 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.