JFS Wealth Advisors LLC Buys 141 Shares of Sysco Co. (NYSE:SYY)

JFS Wealth Advisors LLC grew its position in Sysco Co. (NYSE:SYYFree Report) by 39.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 500 shares of the company’s stock after purchasing an additional 141 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Sysco were worth $37,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

SYY has been the subject of several research reports. Truist Financial reduced their target price on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Stephens upped their price objective on Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. BMO Capital Markets upped their price target on Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, UBS Group cut their price objective on Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average price target of $84.56.

Get Our Latest Research Report on Sysco

Insider Activity

In related news, CAO Neil Russell sold 1,722 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 24,082 shares of the company’s stock, valued at approximately $1,926,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Sysco Trading Up 1.4 %

Sysco stock traded up $1.02 during midday trading on Friday, hitting $76.17. 1,793,387 shares of the stock were exchanged, compared to its average volume of 2,851,751. The stock has a market capitalization of $37.93 billion, a PE ratio of 18.58, a P/E/G ratio of 2.05 and a beta of 1.16. The company has a fifty day simple moving average of $78.13 and a two-hundred day simple moving average of $75.52. The company has a quick ratio of 0.77, a current ratio of 1.34 and a debt-to-equity ratio of 5.77. Sysco Co. has a 52 week low of $62.24 and a 52 week high of $82.89.

Sysco (NYSE:SYYGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Sysco had a net margin of 2.66% and a return on equity of 99.88%. The business had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Sysco Co. will post 4.31 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.51 per share. This is an increase from Sysco’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, July 5th. Sysco’s dividend payout ratio (DPR) is 48.78%.

About Sysco

(Free Report)

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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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