708 Shares in Sysco Co. (NYSE:SYY) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new stake in Sysco Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 708 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in Sysco by 45.3% in the fourth quarter. Jones Financial Companies Lllp now owns 46,692 shares of the company’s stock valued at $3,570,000 after acquiring an additional 14,568 shares during the period. Modera Wealth Management LLC boosted its holdings in Sysco by 4.6% during the fourth quarter. Modera Wealth Management LLC now owns 103,180 shares of the company’s stock valued at $7,889,000 after purchasing an additional 4,501 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares during the period. Clifford Swan Investment Counsel LLC raised its holdings in shares of Sysco by 12.0% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,427 shares of the company’s stock worth $16,472,000 after buying an additional 23,047 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $146,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SYY shares. JPMorgan Chase & Co. lowered their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price for the company. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Truist Financial decreased their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

Insider Buying and Selling

In related news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Sysco Stock Up 0.5 %

Shares of SYY opened at $76.96 on Tuesday. The business’s fifty day moving average price is $73.48 and its two-hundred day moving average price is $75.60. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.88 and a beta of 1.11. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

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 return on equity of 106.30% and a net margin of 2.40%. During the same period in the previous year, the business earned $0.89 EPS. On average, analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s dividend payout ratio is 52.44%.

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.