Sysco Co. (NYSE:SYY) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its holdings in Sysco Co. (NYSE:SYY) by 10.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,900 shares of the company’s stock after buying an additional 2,000 shares during the period. E. Ohman J or Asset Management AB’s holdings in Sysco were worth $1,674,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Armstrong Advisory Group Inc. boosted its stake in Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after acquiring an additional 310 shares during the period. Ashton Thomas Securities LLC acquired a new position in Sysco during the 3rd quarter valued at approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in Sysco in the third quarter worth $31,000. Focused Wealth Management Inc bought a new stake in Sysco in the third quarter valued at $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco during the third quarter valued at $38,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 1.2 %

NYSE SYY opened at $71.42 on Wednesday. The company has a market capitalization of $34.94 billion, a P/E ratio of 18.36, a PEG ratio of 1.93 and a beta of 1.18. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The company’s 50 day simple moving average is $76.21 and its 200 day simple moving average is $76.00.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 in the prior year, the firm posted $0.89 earnings per share. Equities research analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.86%. Sysco’s payout ratio is presently 52.44%.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYY has been the topic of several recent research reports. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Truist Financial reduced 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. JPMorgan Chase & Co. lowered their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Guggenheim restated a “buy” rating and set a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

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.