Brown Brothers Harriman & Co. cut its holdings in Sysco Co. (NYSE:SYY - Free Report) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,760 shares of the company's stock after selling 32,366 shares during the period. Brown Brothers Harriman & Co.'s holdings in Sysco were worth $12,368,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Buckley Wealth Management LLC lifted its position in shares of Sysco by 0.8% during the 4th quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company's stock valued at $1,391,000 after buying an additional 150 shares in the last quarter. WR Wealth Planners LLC increased its stake in shares of Sysco by 9.9% in the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock worth $326,000 after purchasing an additional 386 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Sysco by 7.7% during the 3rd quarter. Captrust Financial Advisors now owns 124,341 shares of the company's stock valued at $9,706,000 after purchasing an additional 8,891 shares during the period. Clark & Stuart Inc bought a new stake in shares of Sysco during the 4th quarter valued at $7,613,000. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Sysco by 76.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,362 shares of the company's stock valued at $10,256,000 after buying an additional 58,430 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.
Insiders Place Their Bets
In other news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.
Sysco Price Performance
Shares of NYSE SYY traded down $0.03 during mid-day trading on Wednesday, hitting $75.39. 910,552 shares of the company's stock traded hands, compared to its average volume of 3,269,569. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.23. The company's 50-day moving average is $73.07 and its two-hundred day moving average is $75.10. The company has a market capitalization of $36.88 billion, a P/E ratio of 19.38, a PEG ratio of 1.88 and a beta of 1.11.
Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share 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 quarter last year, the firm posted $0.89 EPS. On average, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.
Sysco Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio (DPR) is currently 52.44%.
Analysts Set New Price Targets
SYY has been the topic of a number of recent analyst reports. Melius Research raised Sysco to a "hold" rating in a report on Wednesday, December 18th. Jefferies Financial Group lifted their target price on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Guggenheim restated a "buy" rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Truist Financial lowered their target price on shares of Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.77.
Read Our Latest Analysis on SYY
Sysco Profile
(
Free Report)
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.
Further Reading
Before you consider Sysco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sysco wasn't on the list.
While Sysco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
