AIFG Consultants Ltd. Has $925,000 Holdings in Sysco Co. (NYSE:SYY)

AIFG Consultants Ltd. grew its position in Sysco Co. (NYSE:SYY) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,648 shares of the company’s stock after purchasing an additional 215 shares during the period. Sysco comprises about 0.7% of AIFG Consultants Ltd.’s holdings, making the stock its 17th largest position. AIFG Consultants Ltd.’s holdings in Sysco were worth $925,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its holdings in Sysco by 166.0% during the first quarter. Vontobel Holding Ltd. now owns 16,127 shares of the company’s stock valued at $1,338,000 after purchasing an additional 10,065 shares during the last quarter. Sei Investments Co. raised its holdings in Sysco by 6.9% in the 1st quarter. Sei Investments Co. now owns 258,746 shares of the company’s stock worth $21,068,000 after acquiring an additional 16,772 shares during the period. Cetera Investment Advisers raised its holdings in Sysco by 12.9% in the 1st quarter. Cetera Investment Advisers now owns 22,139 shares of the company’s stock worth $1,808,000 after acquiring an additional 2,522 shares during the period. Baird Financial Group Inc. raised its holdings in Sysco by 1.0% in the 1st quarter. Baird Financial Group Inc. now owns 659,712 shares of the company’s stock worth $53,865,000 after acquiring an additional 6,711 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Sysco by 54.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 833 shares of the company’s stock worth $68,000 after acquiring an additional 295 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Barclays lifted their target price on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Stephens boosted their price objective on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.38.

Insider Activity at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the transaction, the chief accounting officer now directly owns 24,082 shares in the company, valued at $1,926,560. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.58% of the stock is currently owned by insiders.

Sysco Price Performance

NYSE SYY traded up $0.21 on Thursday, reaching $75.65. The company’s stock had a trading volume of 2,184,831 shares, compared to its average volume of 2,936,375. The firm has a market cap of $37.66 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The business has a 50-day moving average price of $79.52 and a 200 day moving average price of $74.23. Sysco Co. has a 52 week low of $62.24 and a 52 week high of $82.89. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Sell-side analysts expect that Sysco Co. will post 4.3 EPS for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a yield of 2.64%. Sysco’s payout ratio is currently 48.90%.

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.