115,265 Shares in Sysco Co. (NYSE:SYY) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 115,265 shares of the company's stock, valued at approximately $8,813,000.

Several other institutional investors have also modified their holdings of the business. Fortem Financial Group LLC raised its position in shares of Sysco by 3.6% in the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock valued at $296,000 after purchasing an additional 136 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Sysco by 53.0% during 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 during the last quarter. S.A. Mason LLC grew its holdings in Sysco by 10.7% during the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock worth $118,000 after acquiring an additional 150 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Sysco by 12.3% in the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company's stock worth $108,000 after purchasing an additional 154 shares during the last quarter. Finally, Howard Capital Management Inc. raised its stake in shares of Sysco by 5.0% in the 4th quarter. Howard Capital Management Inc. now owns 3,370 shares of the company's stock valued at $258,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Price Performance

NYSE:SYY traded down $2.06 during trading hours on Wednesday, reaching $72.30. The company had a trading volume of 4,403,578 shares, compared to its average volume of 3,108,000. The firm has a market capitalization of $35.37 billion, a PE ratio of 18.59, a PEG ratio of 1.88 and a beta of 1.11. 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 stock has a 50-day moving average of $73.27 and a two-hundred day moving average of $75.46. Sysco Co. has a one year low of $69.03 and a one year high of $82.33.

Remove Ads

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the prior year, the firm posted $0.89 EPS. Analysts forecast that Sysco Co. will post 4.58 earnings per share for the current 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 2.82%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the transaction, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Melius Research raised shares of Sysco to a "hold" rating in a report on Wednesday, December 18th. Truist Financial decreased their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. UBS Group reduced their price objective on Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.77.

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.