Holistic Planning LLC Buys New Shares in Sysco Co. (NYSE:SYY)

Holistic Planning LLC purchased a new position in shares of Sysco Co. (NYSE:SYY) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,631 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also recently made changes to their positions in the business. Armstrong Advisory Group Inc. grew its stake in Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after purchasing an additional 310 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. bought a new stake in shares of Sysco in the 3rd quarter valued at $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco during the 3rd quarter valued at $37,000. Finally, Canoe Financial LP bought a new position in Sysco during the third quarter worth $38,000. 83.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley reduced their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Truist Financial decreased their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group increased their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays lowered their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Guggenheim reiterated a “buy” rating and set a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.85.

Insider Transactions at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the sale, the executive vice president now directly owns 60,581 shares in the company, valued at approximately $4,846,480. This trade represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,270 shares of company stock worth $6,181,946 in the last quarter. Insiders own 0.54% of the company’s stock.

Sysco Stock Performance

SYY stock opened at $72.79 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm has a market cap of $35.61 billion, a PE ratio of 18.71, a P/E/G ratio of 1.93 and a beta of 1.18. The business has a 50 day moving average of $76.30 and a 200-day moving average of $76.02. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (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 in the prior year, the firm posted $0.89 earnings per share. As a group, sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s dividend payout ratio is currently 52.44%.

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.