Meiji Yasuda Asset Management Co Ltd. Has $9.94 Million Holdings in Sysco Co. (NYSE:SYY)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in Sysco Co. (NYSE:SYY - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,041 shares of the company's stock after purchasing an additional 4,373 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Sysco were worth $9,943,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SYY. Buckley Wealth Management LLC grew its holdings in Sysco by 0.8% during the 4th quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company's stock valued at $1,391,000 after buying an additional 150 shares during the last quarter. WR Wealth Planners LLC boosted its stake in shares of Sysco by 9.9% during the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock valued at $326,000 after acquiring an additional 386 shares during the last quarter. Captrust Financial Advisors increased its position in Sysco by 7.7% during the 3rd quarter. Captrust Financial Advisors now owns 124,341 shares of the company's stock worth $9,706,000 after purchasing an additional 8,891 shares in the last quarter. Clark & Stuart Inc acquired a new position in Sysco in the 4th quarter valued at about $7,613,000. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Sysco by 76.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,362 shares of the company's stock valued at $10,256,000 after purchasing an additional 58,430 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction on Thursday, January 2nd. The stock was 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 approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Sysco Stock Performance

SYY stock traded up $0.06 during mid-day trading on Friday, reaching $74.10. The company had a trading volume of 2,140,455 shares, compared to its average volume of 3,277,624. Sysco Co. has a one year low of $69.03 and a one year high of $82.23. The stock has a market capitalization of $36.25 billion, a P/E ratio of 19.05, a P/E/G 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's 50-day simple moving average is $72.99 and its two-hundred day simple moving average is $75.13.

Sysco (NYSE:SYY - Get Free Report) last issued 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 net margin of 2.40% and a return on equity of 106.30%. During the same period in the prior year, the firm posted $0.89 EPS. Research analysts anticipate 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 $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's payout ratio is currently 52.44%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SYY shares. Wells Fargo & Company lifted their price target on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Truist Financial cut their price target on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group raised their price objective on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Melius Research raised Sysco to a "hold" rating in a research report on Wednesday, December 18th. Finally, UBS Group reduced their target price on 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 assigned a buy rating to the company. According to MarketBeat, 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.