Appleton Partners Inc. MA Purchases 6,383 Shares of SYSCO Co. (SYY)

Appleton Partners Inc. MA raised its position in SYSCO Co. (NYSE:SYY) by 111.0% in the fourth quarter, Holdings Channel reports. The fund owned 12,133 shares of the company’s stock after buying an additional 6,383 shares during the period. Appleton Partners Inc. MA’s holdings in SYSCO were worth $737,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Personal Financial Services lifted its stake in SYSCO by 293.2% in the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock worth $106,000 after acquiring an additional 1,463 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in SYSCO by 84.6% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $121,000 after acquiring an additional 1,100 shares during the last quarter. Manchester Capital Management LLC lifted its stake in SYSCO by 13.4% in the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock worth $128,000 after acquiring an additional 300 shares during the last quarter. Blue Chip Partners Inc. lifted its stake in SYSCO by 0.6% in the second quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock worth $149,000 after acquiring an additional 18 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in SYSCO by 465.7% in the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock worth $150,000 after acquiring an additional 2,291 shares during the last quarter. Institutional investors own 80.07% of the company’s stock.

In related news, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $54.71, for a total value of $1,641,300.00. Following the completion of the sale, the chief executive officer now owns 406,725 shares in the company, valued at approximately $22,251,924.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William J. Delaney III sold 150,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the completion of the sale, the chief executive officer now owns 526,725 shares of the company’s stock, valued at approximately $28,469,486.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 321,172 shares of company stock valued at $18,233,905. 9.60% of the stock is owned by insiders.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Wednesday. Pivotal Research lifted their price target on shares of SYSCO from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets set a $66.00 price objective on shares of SYSCO and gave the stock a “buy” rating in a research report on Friday, December 8th. Finally, Loop Capital boosted their price objective on shares of SYSCO to $68.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.55.

Shares of SYSCO Co. (SYY) opened at $61.38 on Friday. The firm has a market cap of $31,899.07, a P/E ratio of 24.01, a PEG ratio of 2.44 and a beta of 0.53. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. SYSCO Co. has a 12-month low of $48.85 and a 12-month high of $62.79.

SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.43 billion. SYSCO had a net margin of 2.12% and a return on equity of 58.47%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. research analysts expect that SYSCO Co. will post 2.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be given a $0.36 dividend. This is an increase from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. This represents a $1.44 annualized dividend and a yield of 2.35%. SYSCO’s dividend payout ratio is 65.45%.

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SYSCO Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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