3,683 Shares in Sysco Co. (NYSE:SYY) Purchased by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC bought a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,683 shares of the company's stock, valued at approximately $282,000.

Several other institutional investors have also recently made changes to their positions in SYY. Fortem Financial Group LLC increased its holdings in Sysco by 3.6% during 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 during the period. S.A. Mason LLC grew its position in shares of Sysco by 10.7% during the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock valued at $118,000 after purchasing an additional 150 shares in the last quarter. Cable Hill Partners LLC increased its holdings in shares of Sysco by 3.9% in the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company's stock worth $316,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group raised its position in shares of Sysco by 12.3% in the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company's stock worth $108,000 after buying an additional 154 shares in the last quarter. Finally, Howard Capital Management Inc. grew its position in Sysco by 5.0% during the fourth quarter. Howard Capital Management Inc. now owns 3,370 shares of the company's stock worth $258,000 after buying an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the sale, the senior vice president now directly owns 48,451 shares of the company's stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SYY. Jefferies Financial Group raised their price target on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. Morgan Stanley dropped their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research 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 for the company in a research note on Wednesday, January 29th. StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.77.

Sysco Trading Up 0.1 %

NYSE:SYY traded up $0.07 during mid-day trading on Monday, reaching $75.61. 3,373,517 shares of the company's stock traded hands, compared to its average volume of 3,758,874. The company has a 50 day moving average price of $73.66 and a 200-day moving average price of $75.65. The firm has a market capitalization of $36.99 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last posted 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 quarter in the previous year, the firm earned $0.89 EPS. On average, sell-side analysts predict 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. Stockholders of record on Friday, April 4th will be given a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. Sysco's dividend payout ratio is 52.44%.

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.