Sysco Co. (NYSE:SYY) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in Sysco Co. (NYSE:SYY - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 847,018 shares of the company's stock after purchasing an additional 52,464 shares during the period. Teacher Retirement System of Texas owned approximately 0.17% of Sysco worth $64,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the 4th quarter valued at approximately $31,000. Flagship Wealth Advisors LLC acquired a new stake in Sysco during the fourth quarter worth $31,000. Sherman Asset Management Inc. acquired a new stake in Sysco during the fourth quarter worth $31,000. SRS Capital Advisors Inc. raised its position in Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after purchasing an additional 149 shares during the period. Finally, HHM Wealth Advisors LLC raised its position in Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after purchasing an additional 321 shares during the period. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Stock Up 0.4 %

Shares of SYY traded up $0.31 during midday trading on Monday, reaching $71.42. The stock had a trading volume of 2,659,102 shares, compared to its average volume of 3,135,175. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.88 and a beta of 1.11. The company's fifty day simple moving average is $73.10 and its two-hundred day simple moving average is $75.32. Sysco Co. has a 1-year low of $69.03 and a 1-year 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.

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Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the prior year, the company posted $0.89 EPS. Equities research analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.86%. Sysco's dividend payout ratio is presently 52.44%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SYY shares. Morgan Stanley reduced their price objective on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Truist Financial reduced their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Guggenheim reiterated a "buy" rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Melius initiated coverage on Sysco in a research report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price on the stock. Finally, Melius Research upgraded Sysco to a "hold" rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Sysco presently has an average rating of "Moderate Buy" and an average price target of $84.77.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm'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 transaction of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

About Sysco

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.