GWN Securities Inc. Buys Shares of 13,681 Sysco Co. (NYSE:SYY)

GWN Securities Inc. purchased a new position in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,681 shares of the company's stock, valued at approximately $1,023,000.

A number of other hedge funds have also recently added to or reduced their stakes in SYY. Harbour Investments Inc. lifted its holdings in shares of Sysco by 5.1% in the 4th quarter. Harbour Investments Inc. now owns 7,801 shares of the company's stock worth $596,000 after purchasing an additional 382 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Sysco by 13.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 76,013 shares of the company's stock valued at $5,812,000 after buying an additional 9,269 shares in the last quarter. one8zero8 LLC acquired a new position in shares of Sysco during the fourth quarter valued at about $216,000. Choate Investment Advisors raised its holdings in shares of Sysco by 7.8% in the 4th 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 last quarter. Finally, Globeflex Capital L P bought a new position in Sysco in the 4th quarter valued at about $139,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley lowered their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Melius initiated coverage on shares of Sysco in a report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price objective on the stock. Truist Financial reduced their target price on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Guggenheim reissued a "buy" rating and set a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sysco presently has an average rating of "Moderate Buy" and an average target price of $84.77.

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Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Sysco Stock Performance

Shares of NYSE:SYY traded down $1.27 during mid-day trading on Thursday, reaching $71.12. The company had a trading volume of 5,122,399 shares, compared to its average volume of 3,117,807. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The company's 50-day moving average price is $73.22 and its 200-day moving average price is $75.44. The firm has a market cap 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 (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) 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 period last year, the firm earned $0.89 EPS. As a group, equities research analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

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