Mn Services Vermogensbeheer B.V. Boosts Stock Position in Sysco Co. (NYSE:SYY)

Mn Services Vermogensbeheer B.V. increased its holdings in shares of Sysco Co. (NYSE:SYY) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,600 shares of the company’s stock after buying an additional 3,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Sysco were worth $15,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new position in Sysco during the third quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Sysco during the 4th quarter worth about $31,000. Valley Wealth Managers Inc. purchased a new position in Sysco in the 3rd quarter valued at about $31,000. Focused Wealth Management Inc acquired a new stake in Sysco in the 3rd quarter worth about $37,000. Finally, HHM Wealth Advisors LLC increased its stake in Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock worth $47,000 after buying an additional 321 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 21,844 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the sale, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. The trade was a 11.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,370 shares of company stock valued at $5,965,519 over the last 90 days. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SYY. Melius began coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Truist Financial lowered their target price on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on shares of Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Sysco Stock Up 0.6 %

Shares of NYSE SYY opened at $74.68 on Friday. The company has a market capitalization of $36.54 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The company has a 50 day simple moving average of $73.69 and a 200-day simple moving average of $75.64. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33.

Sysco (NYSE:SYY) last posted its 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 return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, equities research analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.73%. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

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.