Occidental Asset Management LLC raised its holdings in SYSCO Co. (NYSE:SYY) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,675 shares of the company’s stock after buying an additional 741 shares during the quarter. Occidental Asset Management LLC’s holdings in SYSCO were worth $1,170,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SYY. United Capital Financial Advisers LLC boosted its holdings in SYSCO by 8.8% in the 2nd quarter. United Capital Financial Advisers LLC now owns 23,042 shares of the company’s stock worth $1,630,000 after acquiring an additional 1,871 shares during the period. National Pension Service boosted its holdings in SYSCO by 9.8% in the 2nd quarter. National Pension Service now owns 606,883 shares of the company’s stock worth $42,919,000 after acquiring an additional 53,962 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in SYSCO by 3.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 9,206 shares of the company’s stock worth $651,000 after acquiring an additional 283 shares during the period. ETF Managers Group LLC purchased a new position in SYSCO in the 2nd quarter worth approximately $958,000. Finally, Private Advisor Group LLC boosted its holdings in SYSCO by 0.4% in the 2nd quarter. Private Advisor Group LLC now owns 39,319 shares of the company’s stock worth $2,653,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

In other news, CEO Thomas Bene sold 39,384 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.00, for a total value of $3,150,720.00. Following the completion of the transaction, the chief executive officer now owns 132,929 shares of the company’s stock, valued at $10,634,320. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brian R. Todd sold 12,520 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $85.06, for a total value of $1,064,951.20. Following the completion of the transaction, the senior vice president now directly owns 28,145 shares of the company’s stock, valued at approximately $2,394,013.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 227,412 shares of company stock valued at $18,867,462. 5.24% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the company. Loop Capital upped their price target on SYSCO to $86.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Piper Jaffray Companies assumed coverage on SYSCO in a report on Thursday, December 12th. They issued an “overweight” rating and a $94.00 price target for the company. ValuEngine cut SYSCO from a “hold” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets upped their price target on SYSCO to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $90.00 price target (down previously from $94.00) on shares of SYSCO in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $79.13.

SYY stock opened at $83.27 on Thursday. The firm has a market cap of $42.04 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.20 and a beta of 0.48. The stock’s 50 day simple moving average is $83.76 and its 200 day simple moving average is $77.69. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 3.74. SYSCO Co. has a 12-month low of $61.33 and a 12-month high of $85.98.

SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.01. The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.53 billion. SYSCO had a return on equity of 79.60% and a net margin of 2.82%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. On average, research analysts forecast that SYSCO Co. will post 3.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This is an increase from SYSCO’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, January 2nd. SYSCO’s dividend payout ratio is presently 50.70%.

SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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