Mondrian Investment Partners LTD Invests $123.93 Million in Sysco Co. (NYSE:SYY)

Mondrian Investment Partners LTD acquired a new stake in Sysco Co. (NYSE:SYY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,699,504 shares of the company’s stock, valued at approximately $123,928,000. Sysco accounts for about 2.1% of Mondrian Investment Partners LTD’s holdings, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Impact Capital Partners LLC bought a new stake in Sysco during the fourth quarter worth about $306,000. PGGM Investments lifted its holdings in shares of Sysco by 72.0% in the 4th quarter. PGGM Investments now owns 7,330 shares of the company’s stock worth $560,000 after purchasing an additional 3,069 shares in the last quarter. Achmea Investment Management B.V. lifted its stake in Sysco by 16.1% during the 4th quarter. Achmea Investment Management B.V. now owns 84,798 shares of the company’s stock valued at $6,483,000 after acquiring an additional 11,747 shares in the last quarter. Essential Planning LLC. purchased a new stake in shares of Sysco during the 4th quarter valued at $866,000. Finally, Hopwood Financial Services Inc. purchased a new stake in Sysco in the 4th quarter worth about $65,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the sale, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Sysco Trading Down 1.4 %

SYY opened at $72.63 on Friday. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The business has a fifty day simple moving average of $73.32 and a 200-day simple moving average of $75.54. The firm has a market cap of $35.53 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.88 and a beta of 1.11. 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 announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 business posted $0.89 earnings per share. On average, equities analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SYY shares. Truist Financial dropped their price target on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Barclays cut their price target on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley lowered their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued 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 a consensus price target of $84.77.

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.