Sysco Co. (NYSE:SYY) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,013 shares of the company's stock after purchasing an additional 9,269 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Sysco were worth $5,812,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SYY. one8zero8 LLC acquired a new stake in Sysco during the 4th quarter worth about $216,000. Choate Investment Advisors grew its holdings in Sysco by 7.8% during the fourth quarter. Choate Investment Advisors now owns 4,947 shares of the company's stock worth $378,000 after acquiring an additional 358 shares during the period. Globeflex Capital L P purchased a new position in Sysco during the fourth quarter valued at approximately $139,000. Harrington Investments INC lifted its holdings in Sysco by 2.5% in the fourth quarter. Harrington Investments INC now owns 23,504 shares of the company's stock valued at $1,797,000 after acquiring an additional 579 shares during the period. Finally, Brandes Investment Partners LP boosted its position in Sysco by 19,865.5% in the 4th quarter. Brandes Investment Partners LP now owns 635,102 shares of the company's stock worth $48,560,000 after purchasing an additional 631,921 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insider Activity

In related news, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

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Sysco Price Performance

NYSE SYY traded down $0.08 during mid-day trading on Friday, hitting $71.12. The stock had a trading volume of 4,897,434 shares, compared to its average volume of 3,132,548. The firm's 50 day moving average is $73.10 and its 200 day moving average is $75.36. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The stock has a market capitalization of $34.79 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.11. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 period in the previous year, the business earned $0.89 earnings per share. Equities research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio is currently 52.44%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SYY shares. JPMorgan Chase & Co. decreased their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company upped their price objective on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Guggenheim restated a "buy" rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Morgan Stanley reduced their price target on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial lowered their price target on Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research 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 MarketBeat.com, Sysco currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.77.

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.