Vision Financial Markets LLC Invests $258,000 in Sysco Co. (NYSE:SYY)

Vision Financial Markets LLC purchased a new position in shares of Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,375 shares of the company's stock, valued at approximately $258,000.

Several other large investors also recently modified their holdings of SYY. State Street Corp increased its stake in shares of Sysco by 11.1% during the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company's stock worth $2,130,617,000 after purchasing an additional 2,721,449 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sysco during the 3rd quarter worth approximately $137,900,000. Nordea Investment Management AB increased its stake in shares of Sysco by 52.3% during the 4th quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company's stock worth $208,666,000 after purchasing an additional 933,327 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Sysco by 11.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock worth $521,874,000 after purchasing an additional 672,940 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Sysco during the 3rd quarter worth approximately $44,722,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Stock Performance

NYSE SYY opened at $74.48 on Thursday. Sysco Co. has a 52-week low of $69.03 and a 52-week 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 company has a market capitalization of $36.44 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a fifty day moving average of $73.52 and a 200-day moving average of $75.62.

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

Sysco Dividend Announcement

The firm also recently declared 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. This represents a $2.04 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SYY. StockNews.com upgraded shares of Sysco from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Truist Financial reduced their price objective 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. Barclays reduced their price objective on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. UBS Group reduced their price objective 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. Finally, Morgan Stanley reduced their price objective 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. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.77.

Insiders Place Their Bets

In other Sysco 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 value of $3,698,079.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

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.

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