Thrivent Financial for Lutherans Boosts Holdings in Sysco Co. (NYSE:SYY)

Thrivent Financial for Lutherans increased its stake in Sysco Co. (NYSE:SYY - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,824,885 shares of the company's stock after acquiring an additional 236,504 shares during the period. Thrivent Financial for Lutherans owned approximately 0.37% of Sysco worth $139,536,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in Sysco in the fourth quarter worth about $31,000. Flagship Wealth Advisors LLC bought a new stake in Sysco in the fourth quarter worth about $31,000. Sherman Asset Management Inc. bought a new stake in shares of Sysco during the fourth quarter valued at approximately $31,000. SRS Capital Advisors Inc. raised its stake in shares of Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after acquiring an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised 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 acquiring an additional 321 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Insider Activity

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 56,304 shares of the company's stock, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

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Sysco Stock Down 0.1 %

NYSE SYY traded down $0.08 on Friday, hitting $71.12. The stock had a trading volume of 4,897,434 shares, compared to its average volume of 3,132,548. The business's fifty day moving average price is $73.10 and its 200 day moving average price is $75.36. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33. The stock has a market cap of $34.79 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 last year, the company earned $0.89 EPS. Equities research analysts anticipate 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. Stockholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SYY shares. Guggenheim reaffirmed a "buy" rating and set a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. UBS Group decreased their price target on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Truist Financial decreased their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Melius Research raised shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Sysco presently has a consensus rating of "Moderate Buy" and an average price target 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.