Strategic Family Wealth Counselors L.L.C. Has $386,000 Stake in Sysco Co. (NYSE:SYY)

Strategic Family Wealth Counselors L.L.C. raised its stake in shares of Sysco Co. (NYSE:SYY) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,045 shares of the company’s stock after buying an additional 317 shares during the period. Strategic Family Wealth Counselors L.L.C.’s holdings in Sysco were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SYY. Farther Finance Advisors LLC lifted its position in shares of Sysco by 10.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $277,000 after buying an additional 340 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Sysco in the 3rd quarter worth approximately $62,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Sysco by 2.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 78,995 shares of the company’s stock worth $6,166,000 after purchasing an additional 1,671 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Sysco by 2.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 189,653 shares of the company’s stock worth $14,804,000 after purchasing an additional 3,889 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Sysco in the 3rd quarter worth approximately $75,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity

In other news, 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 completion of the sale, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SYY shares. Melius started coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target on the stock. Barclays lowered their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Truist Financial lowered their target price on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Four investment 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. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average price target of $84.77.

Sysco Price Performance

SYY stock opened at $75.04 on Friday. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The stock has a market cap of $36.71 billion, a PE ratio of 19.29, a P/E/G ratio of 1.88 and a beta of 1.17. The firm has a 50 day simple moving average of $73.47 and a two-hundred day simple moving average of $75.62.

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

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.72%. Sysco’s dividend payout ratio (DPR) is 52.44%.

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.