Curated Wealth Partners LLC Buys 1,162 Shares of Sysco Co. (NYSE:SYY)

Curated Wealth Partners LLC raised its stake in Sysco Co. (NYSE:SYY) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,060 shares of the company’s stock after purchasing an additional 1,162 shares during the quarter. Curated Wealth Partners LLC’s holdings in Sysco were worth $1,228,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. grew its stake in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Sysco in the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco during the 3rd quarter worth about $31,000. Focused Wealth Management Inc bought a new stake in shares of Sysco in the 3rd quarter valued at about $37,000. Finally, Canoe Financial LP acquired a new stake in Sysco in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the sale, the director now directly owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,306 shares of company stock worth $6,485,050. Corporate insiders own 0.54% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $74.81 on Friday. The firm has a market cap of $36.75 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock’s fifty day moving average price is $76.45 and its two-hundred day moving average price is $75.86. Sysco Co. has a one year low of $69.03 and a one year high of $82.89.

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

Sysco Dividend Announcement

The company also recently declared 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SYY shares. Morgan Stanley lowered their price target on Sysco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.79.

Sysco Company Profile

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.