Corient Private Wealth LLC Sells 43,026 Shares of Sysco Co. (NYSE:SYY)

Corient Private Wealth LLC lowered its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,561 shares of the company's stock after selling 43,026 shares during the period. Corient Private Wealth LLC owned about 0.07% of Sysco worth $26,721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stonebridge Financial Group LLC acquired a new stake in Sysco in the 4th quarter valued at $31,000. Sherman Asset Management Inc. acquired a new stake in shares of Sysco in the 4th quarter valued at $31,000. SRS Capital Advisors Inc. boosted 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 in the last quarter. HHM Wealth Advisors LLC increased its position in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock worth $47,000 after purchasing an additional 321 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new position in Sysco during the 4th quarter valued at about $50,000. Institutional investors own 83.41% of the company's stock.

Wall Street Analyst Weigh In

SYY has been the topic of several recent analyst reports. Melius assumed coverage on Sysco in a report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price on the stock. Jefferies Financial Group increased their target price on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Wells Fargo & Company raised their target price on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target 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, Guggenheim restated a "buy" rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sysco has an average rating of "Moderate Buy" and an average price target of $84.77.

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Insider Activity

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Sysco Trading Down 0.1 %

Sysco stock traded down $0.08 during midday trading on Friday, hitting $71.12. 4,897,434 shares of the stock were exchanged, compared to its average volume of 3,132,548. The stock has a market capitalization of $34.79 billion, a PE ratio of 18.28, a P/E/G ratio of 1.88 and a beta of 1.11. The company has a fifty day simple moving average of $73.10 and a two-hundred day simple moving average of $75.36. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting analysts' consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the business earned $0.89 EPS. Equities research analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

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 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio is currently 52.44%.

Sysco 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.