Sysco Co. (NYSE:SYY) Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its position in Sysco Co. (NYSE:SYY) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 762,658 shares of the company’s stock after purchasing an additional 85,402 shares during the quarter. Sysco comprises approximately 1.0% of Vest Financial LLC’s investment portfolio, making the stock its 13th largest position. Vest Financial LLC owned about 0.16% of Sysco worth $58,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SYY. Armstrong Advisory Group Inc. raised its position in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Sysco in the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new position in Sysco in the 3rd quarter worth approximately $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco during the 3rd quarter worth approximately $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.2 %

Sysco stock opened at $71.13 on Friday. The company has a market capitalization of $34.80 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The firm has a 50 day moving average price of $75.90 and a 200 day moving average price of $75.92.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share 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 previous year, the firm earned $0.89 earnings per share. Research analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. Sysco’s dividend payout ratio is presently 52.44%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Truist Financial reduced their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Melius started coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the firm’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 $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is currently owned by company insiders.

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.