Vest Financial LLC Raises Stock Position in Sysco Co. (NYSE:SYY)

Vest Financial LLC raised its stake in Sysco Co. (NYSE:SYY - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 762,658 shares of the company's stock after purchasing an additional 85,402 shares during the quarter. Sysco comprises about 1.0% of Vest Financial LLC's investment portfolio, making the stock its 13th biggest position. Vest Financial LLC owned 0.16% of Sysco worth $58,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SYY. AMF Tjanstepension AB boosted its stake in Sysco by 185.5% in the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company's stock valued at $2,446,000 after acquiring an additional 20,356 shares during the period. Czech National Bank grew its position in Sysco by 5.6% in the third quarter. Czech National Bank now owns 100,176 shares of the company's stock worth $7,820,000 after buying an additional 5,281 shares during the last quarter. Diversified Trust Co purchased a new position in Sysco during the 3rd quarter worth approximately $209,000. Brookstone Capital Management grew its position in Sysco by 7.9% during the 3rd quarter. Brookstone Capital Management now owns 15,136 shares of the company's stock worth $1,182,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Tobam purchased a new position in Sysco during the 3rd quarter worth approximately $81,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Melius Research upgraded shares of Sysco to a "hold" rating in a report on Wednesday, December 18th. Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price for the company. Truist Financial cut 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. JPMorgan Chase & Co. lowered their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.38.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 56,304 shares of the company's stock, valued at $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,270 shares of company stock valued at $6,181,946. Corporate insiders own 0.54% of the company's stock.

Sysco Price Performance

Shares of Sysco stock traded down $0.38 during midday trading on Wednesday, hitting $70.16. 2,549,868 shares of the company traded hands, compared to its average volume of 3,538,545. The stock has a market cap of $34.32 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.88 and a beta of 1.17. 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's fifty day moving average price is $75.47 and its 200-day moving average price is $75.93. 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 announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) 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 quarter last year, the firm posted $0.89 EPS. As a group, sell-side analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco's dividend payout ratio (DPR) 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.