AMF Tjanstepension AB Purchases 130,727 Shares of Sysco Co. (NYSE:SYY)

AMF Tjanstepension AB lifted its position in Sysco Co. (NYSE:SYY) by 417.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,059 shares of the company’s stock after buying an additional 130,727 shares during the quarter. AMF Tjanstepension AB’s holdings in Sysco were worth $12,391,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Sysco during the third quarter worth approximately $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco during the third quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new stake in Sysco during the fourth quarter worth approximately $31,000. Sherman Asset Management Inc. bought a new stake in Sysco during the fourth quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. boosted its position in Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after purchasing an additional 149 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $76.53 on Friday. The business has a fifty day simple moving average of $73.47 and a 200 day simple moving average of $75.62. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The firm has a market capitalization of $37.44 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.88 and a beta of 1.11. Sysco Co. has a one year low of $69.03 and a one year high of $82.33.

Sysco (NYSE:SYY) last issued its earnings results 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 last year, the business earned $0.89 earnings per share. Sell-side analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

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 dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.67%. Sysco’s dividend payout ratio is currently 52.44%.

Analyst Ratings Changes

A number of brokerages have issued reports on SYY. Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. Jefferies Financial Group upped their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group cut their price target on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Morgan Stanley cut their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial cut their price target on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus target price of $84.77.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction 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 sale, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.