PrairieView Partners LLC Boosts Stock Holdings in Sysco Co. (NYSE:SYY)

PrairieView Partners LLC lifted its holdings in shares of Sysco Co. (NYSE:SYY) by 90.0% during the fourth quarter, HoldingsChannel reports. The firm owned 760 shares of the company’s stock after purchasing an additional 360 shares during the quarter. PrairieView Partners LLC’s holdings in Sysco were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SYY. Ashton Thomas Securities LLC bought a new stake in shares of Sysco during the 3rd quarter worth $26,000. Valley Wealth Managers Inc. bought a new stake in shares of Sysco during the 3rd quarter worth $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Sysco during the 4th quarter worth $31,000. Focused Wealth Management Inc bought a new stake in shares of Sysco during the 3rd quarter worth $37,000. Finally, Canoe Financial LP bought a new stake in shares of Sysco during the 3rd quarter worth $38,000. 83.41% of the stock is currently owned by institutional investors.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the 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 transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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 approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SYY. Jefferies Financial Group lifted their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Morgan Stanley lowered their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Finally, Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Sysco Trading Down 0.5 %

Shares of SYY opened at $70.16 on Thursday. The business’s 50-day moving average price is $75.47 and its 200-day moving average price is $75.93. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. The stock has a market cap of $34.32 billion, a PE ratio of 18.04, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 quarter last year, the business earned $0.89 earnings per share. On average, equities analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Sysco 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.