Mitsubishi UFJ Trust & Banking Corp Buys 40,281 Shares of Sysco Co. (NYSE:SYY)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 346,192 shares of the company's stock after buying an additional 40,281 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Sysco worth $26,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SYY. Stonebridge Financial Group LLC acquired a new position in shares of Sysco during the fourth quarter worth approximately $31,000. Sherman Asset Management Inc. bought a new stake in shares of Sysco during the fourth quarter worth about $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Sysco in the 4th quarter worth about $31,000. SRS Capital Advisors Inc. lifted its position 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 acquiring an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after purchasing an additional 321 shares during the last quarter. Institutional investors own 83.41% of the company's stock.

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.

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Sysco Stock Performance

SYY stock traded up $0.42 during mid-day trading on Tuesday, hitting $75.46. The company had a trading volume of 2,482,425 shares, compared to its average volume of 3,278,709. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.23. The stock's fifty day moving average price is $73.07 and its two-hundred day moving average price is $75.10. The firm has a market cap of $36.91 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 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 in the prior year, the business earned $0.89 EPS. On average, analysts forecast that Sysco Co. will post 4.58 earnings per share 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 2.70%. Sysco's dividend payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial decreased their price objective on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Guggenheim reissued a "buy" rating and issued a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Morgan Stanley lowered their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Finally, UBS Group dropped their price target on shares of Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.77.

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.