Elo Mutual Pension Insurance Co Has $4 Million Holdings in Sysco Co. (NYSE:SYY)

Elo Mutual Pension Insurance Co raised its position in Sysco Co. (NYSE:SYY - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,342 shares of the company's stock after acquiring an additional 8,384 shares during the period. Elo Mutual Pension Insurance Co's holdings in Sysco were worth $4,002,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SYY. Townsquare Capital LLC increased its stake in Sysco by 10.0% in the third quarter. Townsquare Capital LLC now owns 18,758 shares of the company's stock valued at $1,464,000 after purchasing an additional 1,706 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Sysco by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,918,365 shares of the company's stock valued at $305,868,000 after acquiring an additional 569,058 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of Sysco by 5.0% during the 3rd quarter. Financial Counselors Inc. now owns 10,794 shares of the company's stock worth $843,000 after acquiring an additional 516 shares in the last quarter. Vinva Investment Management Ltd raised its holdings in shares of Sysco by 13.7% in the third quarter. Vinva Investment Management Ltd now owns 23,133 shares of the company's stock valued at $1,797,000 after purchasing an additional 2,782 shares during the last quarter. Finally, Isthmus Partners LLC boosted its holdings in Sysco by 2.4% during the third quarter. Isthmus Partners LLC now owns 151,405 shares of the company's stock worth $11,819,000 after purchasing an additional 3,615 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

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Insider Activity at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the business'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 sale, the executive vice president now owns 56,304 shares of the company's stock, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Sysco Stock Performance

Shares of Sysco stock traded down $0.25 during trading on Wednesday, reaching $75.18. The company's stock had a trading volume of 741,330 shares, compared to its average volume of 3,268,841. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.23. The business's 50-day moving average price is $73.07 and its 200-day moving average price is $75.10. The firm has a market cap of $36.78 billion, a PE ratio of 19.33, a P/E/G ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 business earned $0.89 EPS. Equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current 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 paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's payout ratio is 52.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. lowered their price target on Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. 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. Finally, Truist Financial decreased their price objective on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.