Sysco Co. (NYSE:SYY) Stock Holdings Boosted by TCG Advisory Services LLC

TCG Advisory Services LLC increased its position in Sysco Co. (NYSE:SYY) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,395 shares of the company’s stock after acquiring an additional 380 shares during the period. TCG Advisory Services LLC’s holdings in Sysco were worth $687,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its stake in shares of Sysco by 74.0% in the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Headlands Technologies LLC acquired a new position in Sysco during the 4th quarter valued at about $34,000. BluePath Capital Management LLC bought a new stake in shares of Sysco during the 3rd quarter worth about $38,000. BKM Wealth Management LLC acquired a new stake in shares of Sysco in the 4th quarter worth approximately $42,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Sysco in the third quarter valued at approximately $40,000. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their price target on Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Piper Sandler cut their price target on shares of Sysco from $83.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday. Truist Financial lowered their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on shares of Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.56.

Sysco Stock Up 1.5 %

Shares of Sysco stock traded up $1.11 during midday trading on Friday, hitting $75.36. The company’s stock had a trading volume of 2,709,679 shares, compared to its average volume of 2,778,819. Sysco Co. has a 1-year low of $62.24 and a 1-year high of $82.89. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 5.77. The firm has a market capitalization of $37.53 billion, a P/E ratio of 18.38, a PEG ratio of 1.92 and a beta of 1.16. The stock has a 50-day simple moving average of $78.65 and a 200-day simple moving average of $75.16.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $19.74 billion. Sysco had a return on equity of 99.88% and a net margin of 2.66%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. As a group, sell-side analysts expect that Sysco Co. will post 4.31 earnings per share for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.51 per share. This is a boost from Sysco’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, July 5th. Sysco’s payout ratio is currently 48.78%.

Insider Transactions at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of Sysco stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the sale, the chief accounting officer now directly owns 24,082 shares in the company, valued at $1,926,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% 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.