Columbus Macro LLC Grows Position in Sysco Co. (NYSE:SYY)

Columbus Macro LLC grew its holdings in Sysco Co. (NYSE:SYY) by 261.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 94,171 shares of the company’s stock after acquiring an additional 68,123 shares during the quarter. Sysco comprises 1.0% of Columbus Macro LLC’s investment portfolio, making the stock its 27th biggest holding. Columbus Macro LLC’s holdings in Sysco were worth $7,200,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fortem Financial Group LLC lifted its stake in shares of Sysco by 3.6% during the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock valued at $296,000 after buying an additional 136 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Sysco by 3.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after acquiring an additional 146 shares during the period. S.A. Mason LLC increased its stake in Sysco by 10.7% during the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after buying an additional 150 shares during the period. Cable Hill Partners LLC lifted its stake in shares of Sysco by 3.9% in the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after acquiring an additional 152 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Sysco by 12.3% during the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock worth $108,000 after acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This represents a 11.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. This represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,270 shares of company stock valued at $6,181,946. Insiders own 0.54% of the company’s stock.

Sysco Price Performance

NYSE:SYY opened at $72.31 on Tuesday. The firm has a market capitalization of $35.38 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.93 and a beta of 1.18. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The stock has a fifty day moving average of $76.30 and a 200 day moving average of $76.02. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33.

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

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.82%. Sysco’s payout ratio is 52.44%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group boosted their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Guggenheim restated a “buy” rating and set a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Finally, Melius began coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.85.

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.