Terra Alpha Investments LLC Makes New $1.45 Million Investment in Sysco Co. (NYSE:SYY)

Terra Alpha Investments LLC purchased a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 19,021 shares of the company's stock, valued at approximately $1,454,000. Sysco accounts for about 1.5% of Terra Alpha Investments LLC's portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in Sysco in the fourth quarter valued at $31,000. Sherman Asset Management Inc. purchased a new stake in shares of Sysco in the 4th quarter worth about $31,000. SRS Capital Advisors Inc. increased its stake in shares of Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after purchasing an additional 149 shares in the last quarter. HHM Wealth Advisors LLC lifted its stake in Sysco by 107.4% in the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after buying an additional 321 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in Sysco during the 4th quarter valued at $50,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Down 0.1 %

Sysco stock traded down $0.08 during midday trading on Friday, reaching $71.12. The stock had a trading volume of 4,897,434 shares, compared to its average volume of 3,129,884. The stock's 50-day simple moving average is $73.15 and its 200 day simple moving average is $75.41. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. 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 stock has a market capitalization of $34.79 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11.

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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 earnings per share 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 period last year, the company posted $0.89 EPS. Analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio is presently 52.44%.

Insider Activity at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction dated 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 sale, 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 filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Melius assumed coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price on the stock. Melius Research upgraded shares of Sysco to a "hold" rating in a report on Wednesday, December 18th. Jefferies Financial Group boosted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, UBS Group decreased their target price 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.77.

Sysco Company 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.