Sysco Co. (NYSE:SYY) Holdings Boosted by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its holdings in Sysco Co. (NYSE:SYY) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,012 shares of the company’s stock after acquiring an additional 376 shares during the period. Plato Investment Management Ltd’s holdings in Sysco were worth $845,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in Sysco in the fourth quarter worth about $54,000. Jones Financial Companies Lllp lifted its holdings in Sysco by 45.3% in the fourth quarter. Jones Financial Companies Lllp now owns 46,692 shares of the company’s stock worth $3,570,000 after acquiring an additional 14,568 shares during the last quarter. Modera Wealth Management LLC increased its stake in shares of Sysco by 4.6% in the fourth quarter. Modera Wealth Management LLC now owns 103,180 shares of the company’s stock valued at $7,889,000 after purchasing an additional 4,501 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares during the period. Finally, Clifford Swan Investment Counsel LLC increased its stake in shares of Sysco by 12.0% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,427 shares of the company’s stock valued at $16,472,000 after purchasing an additional 23,047 shares during the period. Institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. This represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,370 shares of company stock worth $5,965,519. 0.54% of the stock is owned by insiders.

Sysco Trading Up 0.1 %

Sysco stock opened at $75.61 on Tuesday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The firm has a market cap of $36.99 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The firm’s 50 day moving average price is $73.63 and its two-hundred day moving average price is $75.64.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the business earned $0.89 EPS. On average, research analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.70%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Truist Financial dropped their price target on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Barclays dropped their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group raised their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, UBS Group dropped their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.77.

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.