Schechter Investment Advisors LLC Buys 4,866 Shares of Sysco Co. (NYSE:SYY)

Schechter Investment Advisors LLC raised its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,421 shares of the company's stock after purchasing an additional 4,866 shares during the period. Schechter Investment Advisors LLC's holdings in Sysco were worth $1,179,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. National Pension Service lifted its position in shares of Sysco by 15.6% during the 3rd quarter. National Pension Service now owns 1,237,017 shares of the company's stock worth $96,562,000 after purchasing an additional 166,798 shares during the last quarter. New England Asset Management Inc. lifted its stake in Sysco by 12.7% during the third quarter. New England Asset Management Inc. now owns 131,360 shares of the company's stock worth $10,254,000 after purchasing an additional 14,810 shares during the period. Empowered Funds LLC boosted its holdings in Sysco by 29.0% during the third quarter. Empowered Funds LLC now owns 78,333 shares of the company's stock valued at $6,115,000 after purchasing an additional 17,587 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Sysco by 11.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock valued at $521,874,000 after purchasing an additional 672,940 shares during the period. Finally, WR Wealth Planners LLC raised its holdings in shares of Sysco by 9.9% in the 4th quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock worth $326,000 after buying an additional 386 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on SYY shares. Wells Fargo & Company upped their price target on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Melius Research upgraded shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Truist Financial cut 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. Barclays decreased their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group raised 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 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.77.

Insider Activity at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the business'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 sale, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Sysco Trading Down 0.1 %

Shares of NYSE SYY traded down $0.08 during midday trading on Thursday, reaching $74.36. 239,970 shares of the stock were exchanged, compared to its average volume of 3,084,673. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The company has a market capitalization of $36.38 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.88 and a beta of 1.17. The business has a 50-day simple moving average of $73.52 and a two-hundred day simple moving average of $75.62.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share 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 posted $0.89 EPS. As a group, equities research analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.74%. Sysco's payout ratio is 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.