Trillium Asset Management LLC boosted its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,405 shares of the company's stock after acquiring an additional 37,507 shares during the quarter. Trillium Asset Management LLC's holdings in Sysco were worth $15,170,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in Sysco during the fourth quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new stake in Sysco during the fourth quarter worth approximately $31,000. Sherman Asset Management Inc. bought a new stake in Sysco during the fourth quarter worth approximately $31,000. SRS Capital Advisors Inc. increased its stake in Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after acquiring an additional 149 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of Sysco by 107.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after buying an additional 321 shares during the last quarter. 83.41% of the stock is owned by institutional investors.
Sysco Stock Down 0.1 %
Sysco stock traded down $0.08 during mid-day trading on Friday, reaching $71.12. 4,897,434 shares of the company were exchanged, compared to its average volume of 3,137,087. The business has a fifty day moving average of $73.10 and a 200 day moving average of $75.34. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The firm has a market cap of $34.79 billion, a P/E ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.11. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.
Sysco (NYSE:SYY - Get Free Report) last issued 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 quarter last year, the firm posted $0.89 earnings per share. Research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.
Sysco Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. Sysco's dividend payout ratio is presently 52.44%.
Insider Activity
In related news, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 56,304 shares of the company's stock, valued at $4,335,408. This represents a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on SYY shares. Melius Research raised Sysco to a "hold" rating in a research note on Wednesday, December 18th. Melius started coverage on Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price on the stock. Wells Fargo & Company upped their target price on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Truist Financial cut their target price on Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.77.
Read Our Latest Stock Analysis on Sysco
Sysco Profile
(
Free Report)
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.
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