B. Metzler seel. Sohn & Co. AG Increases Stock Position in Sysco Co. (NYSE:SYY)

B. Metzler seel. Sohn & Co. AG raised its position in Sysco Co. (NYSE:SYY) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,022 shares of the company’s stock after acquiring an additional 9,344 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Sysco were worth $4,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Buckley Wealth Management LLC lifted its holdings in Sysco by 0.8% in the 4th quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company’s stock worth $1,391,000 after buying an additional 150 shares during the period. WR Wealth Planners LLC raised its holdings in shares of Sysco by 9.9% during the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company’s stock valued at $326,000 after acquiring an additional 386 shares in the last quarter. Captrust Financial Advisors lifted its stake in Sysco by 7.7% in the third quarter. Captrust Financial Advisors now owns 124,341 shares of the company’s stock worth $9,706,000 after acquiring an additional 8,891 shares during the period. Clark & Stuart Inc bought a new stake in Sysco in the fourth quarter valued at $7,613,000. Finally, Kovitz Investment Group Partners LLC raised its holdings in Sysco by 76.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,362 shares of the company’s stock worth $10,256,000 after purchasing an additional 58,430 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco 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 completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Sysco Stock Up 1.4 %

Shares of Sysco stock opened at $75.10 on Tuesday. The company has a 50-day simple moving average of $73.03 and a two-hundred day simple moving average of $75.11. The stock has a market capitalization of $36.74 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.23. 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 (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (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 period in the previous year, the firm posted $0.89 EPS. On average, analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.72%. Sysco’s payout ratio is 52.44%.

Analyst Ratings Changes

SYY has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Guggenheim reiterated a “buy” rating and set a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. UBS Group lowered their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Truist Financial lowered their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.77.

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.