Generation Capital Management LLC Makes New $596,000 Investment in Sysco Co. (NYSE:SYY)

Generation Capital Management LLC purchased a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,793 shares of the company's stock, valued at approximately $596,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. Fortem Financial Group LLC increased its holdings in shares of Sysco by 3.6% in the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock worth $296,000 after buying an additional 136 shares during the period. MV Capital Management Inc. boosted its stake 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 valued at $2,625,000 after purchasing an additional 144 shares during the period. Morton Community Bank grew its holdings in shares of Sysco by 0.4% in the fourth quarter. Morton Community Bank now owns 40,585 shares of the company's stock worth $3,103,000 after purchasing an additional 145 shares during the last quarter. Nemes Rush Group LLC raised its holdings in Sysco by 5.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,631 shares of the company's stock valued at $201,000 after buying an additional 147 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after acquiring an additional 149 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SYY. Barclays reduced their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Truist Financial cut their price target 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. UBS Group dropped their target price on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Guggenheim reissued a "buy" rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company upped their target price on Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.77.

Sysco Stock Performance

Shares of SYY traded down $0.29 during mid-day trading on Monday, hitting $71.45. 2,198,375 shares of the company traded hands, compared to its average volume of 3,335,240. The stock has a market cap of $34.96 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.88 and a beta of 0.91. 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 stock has a 50-day moving average price of $72.67 and a two-hundred day moving average price of $74.53. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23.

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

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.86%. 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.