Lido Advisors LLC Takes Position in SYSCO Co. (SYY)

Lido Advisors LLC purchased a new position in SYSCO Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,535 shares of the company’s stock, valued at approximately $409,000.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Group LLC boosted its holdings in SYSCO by 10.8% in the fourth quarter. Manning & Napier Group LLC now owns 144,301 shares of the company’s stock worth $9,041,000 after acquiring an additional 14,022 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in SYSCO by 5.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 14,893 shares of the company’s stock worth $933,000 after acquiring an additional 717 shares in the last quarter. Paloma Partners Management Co bought a new position in SYSCO in the third quarter worth approximately $1,103,000. Pensionfund Sabic bought a new position in SYSCO in the fourth quarter worth approximately $1,548,000. Finally, Paradigm Asset Management Co. LLC boosted its holdings in SYSCO by 4.4% in the third quarter. Paradigm Asset Management Co. LLC now owns 29,420 shares of the company’s stock worth $2,155,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 79.38% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded SYSCO from a “sell” rating to a “hold” rating in a report on Monday, January 28th. Loop Capital set a $75.00 target price on SYSCO and gave the company a “buy” rating in a report on Friday, December 14th. Bank of America lowered SYSCO from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a report on Wednesday, January 16th. Finally, Pivotal Research restated a “sell” rating and issued a $54.00 target price on shares of SYSCO in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $72.92.

In related news, EVP Robert S. Charlton sold 22,321 shares of SYSCO stock in a transaction on Monday, February 4th. The stock was sold at an average price of $65.83, for a total transaction of $1,469,391.43. Following the sale, the executive vice president now directly owns 61,460 shares in the company, valued at $4,045,911.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trian Fund Management, L.P. sold 707,000 shares of SYSCO stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $66.30, for a total value of $46,874,100.00. The disclosure for this sale can be found here. Insiders have sold 789,477 shares of company stock worth $52,157,382 over the last quarter. 7.88% of the stock is currently owned by corporate insiders.

SYY stock opened at $66.27 on Friday. SYSCO Co. has a twelve month low of $58.12 and a twelve month high of $75.98. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.76 and a current ratio of 1.25. The company has a market capitalization of $34.12 billion, a PE ratio of 21.11, a P/E/G ratio of 1.89 and a beta of 0.54.

SYSCO (NYSE:SYY) last posted its earnings results on Monday, February 4th. The company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. SYSCO had a return on equity of 71.45% and a net margin of 2.48%. The company had revenue of $14.80 billion for the quarter, compared to analyst estimates of $14.75 billion. During the same quarter last year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that SYSCO Co. will post 3.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, April 4th. This represents a $1.56 dividend on an annualized basis and a yield of 2.35%. SYSCO’s dividend payout ratio (DPR) is currently 49.68%.

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SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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