Evergreen Capital Management LLC Has $694,000 Stock Position in Sysco Co. (NYSE:SYY)

Evergreen Capital Management LLC decreased its stake in Sysco Co. (NYSE:SYY - Free Report) by 85.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,076 shares of the company's stock after selling 55,507 shares during the quarter. Evergreen Capital Management LLC's holdings in Sysco were worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortem Financial Group LLC lifted its stake in Sysco by 3.6% in the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock worth $296,000 after acquiring an additional 136 shares in the last quarter. MV Capital Management Inc. boosted its holdings in shares of Sysco by 0.4% during the fourth quarter. MV Capital Management Inc. now owns 34,330 shares of the company's stock worth $2,625,000 after purchasing an additional 144 shares during the period. Morton Community Bank grew its position in Sysco by 0.4% during the fourth quarter. Morton Community Bank now owns 40,585 shares of the company's stock valued at $3,103,000 after purchasing an additional 145 shares in the last quarter. Nemes Rush Group LLC grew its position in Sysco by 5.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,631 shares of the company's stock valued at $201,000 after purchasing an additional 147 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in 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 buying an additional 149 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. UBS Group lowered their target price on Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Truist Financial cut their price objective on shares of Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price target on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Sysco has an average rating of "Moderate Buy" and an average price target of $84.77.

Sysco Stock Performance

Shares of NYSE:SYY traded down $0.29 on Monday, hitting $71.45. 2,198,375 shares of the company were exchanged, compared to its average volume of 3,335,240. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The company's 50 day moving average price is $72.69 and its two-hundred day moving average price is $74.50. Sysco Co. has a one year low of $67.12 and a one year high of $82.23. The firm has a market capitalization of $34.96 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting analysts' consensus estimates 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 prior year, the company posted $0.89 earnings per share. Research analysts expect 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. Shareholders of record on Friday, April 4th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 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.