Whipplewood Advisors LLC Buys Shares of 2,681 Sysco Co. (NYSE:SYY)

Whipplewood Advisors LLC bought a new stake in shares of Sysco Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,681 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Sysco during the 3rd quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Sysco during the 4th quarter valued at about $31,000. Valley Wealth Managers Inc. acquired a new stake in shares of Sysco during the 3rd quarter valued at about $31,000. Focused Wealth Management Inc acquired a new stake in shares of Sysco during the 3rd quarter valued at about $37,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after buying an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SYY. Melius Research upgraded Sysco to a “hold” rating in a report on Wednesday, December 18th. Guggenheim reiterated a “buy” rating and set a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. Truist Financial reduced 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. UBS Group reduced their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Sysco has an average rating of “Moderate Buy” and an average target price of $84.77.

Sysco Stock Up 0.6 %

Shares of SYY stock opened at $74.68 on Friday. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The firm has a market cap of $36.54 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The stock has a 50 day moving average of $73.69 and a 200-day moving average of $75.64. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 quarter last year, the firm earned $0.89 earnings per share. On average, equities analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.73%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the business’s 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 sale, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,370 shares of company stock worth $5,965,519. Company insiders own 0.54% of the company’s stock.

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.