Foundations Investment Advisors LLC Boosts Stake in Sysco Co. (NYSE:SYY)

Foundations Investment Advisors LLC boosted its position in Sysco Co. (NYSE:SYY) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,053 shares of the company’s stock after buying an additional 786 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Sysco were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Armstrong Advisory Group Inc. raised its stake in Sysco by 1,240.0% during 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 purchased a new stake in Sysco in the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in Sysco in the 3rd quarter worth $31,000. Focused Wealth Management Inc purchased a new position in shares of Sysco in the third quarter worth $37,000. Finally, Canoe Financial LP bought a new position in Sysco during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction on Wednesday, December 4th. The shares were 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 $3,876,080. This trade represents a 11.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,306 shares of company stock valued at $6,485,050 over the last quarter. 0.54% of the stock is owned by insiders.

Sysco Stock Down 0.4 %

Shares of NYSE SYY opened at $71.96 on Thursday. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.89. The business’s 50 day moving average is $76.43 and its two-hundred day moving average is $76.03. The firm has a market cap of $35.35 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 2.04 and a beta of 1.18. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last announced 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 net margin of 2.44% and a return on equity of 101.04%. During the same period in the previous year, the company earned $0.89 earnings per share. Research analysts predict that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday. Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of Sysco in a research note on Wednesday. Finally, Truist Financial reduced their price target on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.21.

About Sysco

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.