1,372 Shares in Sysco Co. (NYSE:SYY) Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new stake in Sysco Co. (NYSE:SYY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,372 shares of the company’s stock, valued at approximately $105,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SYY. Harbour Trust & Investment Management Co raised its stake in shares of Sysco by 0.5% in the fourth quarter. Harbour Trust & Investment Management Co now owns 62,168 shares of the company’s stock worth $4,753,000 after purchasing an additional 294 shares during the last quarter. MFA Wealth Advisors LLC raised its stake in shares of Sysco by 8.5% in the fourth quarter. MFA Wealth Advisors LLC now owns 4,727 shares of the company’s stock worth $361,000 after purchasing an additional 370 shares during the last quarter. Angeles Wealth Management LLC purchased a new position in shares of Sysco in the fourth quarter worth about $206,000. Kestra Private Wealth Services LLC raised its stake in shares of Sysco by 242.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 33,695 shares of the company’s stock worth $2,576,000 after purchasing an additional 23,850 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Sysco by 1.7% in the fourth quarter. Stephens Inc. AR now owns 27,260 shares of the company’s stock worth $2,084,000 after purchasing an additional 462 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Down 1.5 %

SYY opened at $70.07 on Tuesday. The business has a fifty day moving average price of $75.78 and a 200 day moving average price of $75.96. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.88 and a beta of 1.17. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. 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 (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 prior year, the firm posted $0.89 earnings per share. Sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s dividend payout ratio is presently 52.44%.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Truist Financial dropped their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley dropped their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. Four investment 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’s stock. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Insiders Place Their Bets

In related news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,270 shares of company stock valued at $6,181,946 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Sysco 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.