Sysco Co. (NYSE:SYY) Shares Purchased by Savant Capital LLC

Savant Capital LLC grew its stake in shares of Sysco Co. (NYSE:SYY) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,894 shares of the company’s stock after purchasing an additional 1,649 shares during the quarter. Savant Capital LLC’s holdings in Sysco were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SYY. Hunter Associates Investment Management LLC grew its stake in Sysco by 1.5% during the 4th quarter. Hunter Associates Investment Management LLC now owns 8,275 shares of the company’s stock worth $606,000 after buying an additional 125 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Sysco by 6.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company’s stock worth $165,000 after acquiring an additional 135 shares during the last quarter. Quent Capital LLC lifted its position in Sysco by 5.0% in the 4th quarter. Quent Capital LLC now owns 2,948 shares of the company’s stock valued at $216,000 after purchasing an additional 140 shares during the last quarter. GHE LLC lifted its position in Sysco by 1.0% in the 4th quarter. GHE LLC now owns 14,718 shares of the company’s stock valued at $1,076,000 after purchasing an additional 146 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Sysco by 0.5% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 30,360 shares of the company’s stock valued at $2,457,000 after purchasing an additional 149 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In related news, CAO Neil Russell sold 1,722 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the transaction, the chief accounting officer now owns 24,082 shares in the company, valued at approximately $1,926,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is owned by insiders.

Sysco Stock Performance

NYSE:SYY opened at $75.36 on Friday. The company has a 50-day moving average of $78.76 and a 200-day moving average of $75.09. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 5.77. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.74 billion. Sysco had a net margin of 2.66% and a return on equity of 99.88%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Analysts forecast that Sysco Co. will post 4.31 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 5th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from Sysco’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, July 5th. Sysco’s payout ratio is presently 48.78%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. UBS Group cut their target price on Sysco from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets increased their price target on Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Truist Financial cut their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Stephens increased their target price on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.56.

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.