Impact Capital Partners LLC Invests $306,000 in Sysco Co. (NYSE:SYY)

Impact Capital Partners LLC purchased a new position in shares of Sysco Co. (NYSE:SYY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,006 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its stake in shares of Sysco by 11.1% in the third quarter. State Street Corp now owns 27,294,612 shares of the company's stock valued at $2,130,617,000 after buying an additional 2,721,449 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Sysco in the 3rd quarter valued at about $137,900,000. Raymond James Financial Inc. bought a new position in shares of Sysco in the fourth quarter worth about $97,078,000. Nordea Investment Management AB raised its stake in shares of Sysco by 52.3% in the fourth quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company's stock worth $208,666,000 after acquiring an additional 933,327 shares during the last quarter. Finally, Amundi lifted its position in shares of Sysco by 42.2% during the fourth quarter. Amundi now owns 2,730,010 shares of the company's stock worth $204,341,000 after purchasing an additional 809,582 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Down 0.6 %

Shares of SYY traded down $0.48 during trading hours on Tuesday, reaching $74.25. The stock had a trading volume of 1,950,625 shares, compared to its average volume of 3,097,761. The company has a market cap of $36.33 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm has a 50-day moving average of $73.28 and a 200 day moving average of $75.49.

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Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results 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 quarter last year, the company earned $0.89 EPS. On average, sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted 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. Melius Research upgraded Sysco to a "hold" rating in a research report on Wednesday, December 18th. UBS Group decreased their price target on Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Truist Financial cut their target price 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. Finally, Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sysco currently has an average rating of "Moderate Buy" and a consensus target price of $84.77.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction 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 represents a 46.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by insiders.

About Sysco

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.