Sysco Co. (NYSE:SYY) Shares Purchased by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA raised its holdings in Sysco Co. (NYSE:SYY) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 25,655 shares of the company’s stock after buying an additional 180 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Sysco were worth $1,876,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC grew its holdings in Sysco by 263.4% in the third quarter. Wealthfront Advisers LLC now owns 34,007 shares of the company’s stock valued at $2,246,000 after purchasing an additional 24,650 shares during the period. Professional Advisory Services Inc. acquired a new stake in Sysco in the fourth quarter valued at approximately $20,057,000. Harbour Trust & Investment Management Co purchased a new position in shares of Sysco in the fourth quarter valued at approximately $4,623,000. Pacer Advisors Inc. lifted its position in shares of Sysco by 40.1% in the fourth quarter. Pacer Advisors Inc. now owns 82,239 shares of the company’s stock valued at $6,014,000 after acquiring an additional 23,558 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Sysco by 16.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 298,982 shares of the company’s stock valued at $21,865,000 after acquiring an additional 41,618 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stephens raised their target price on Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Piper Sandler decreased their target price on Sysco from $83.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Truist Financial reduced their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. UBS Group reduced their price objective on Sysco from $92.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Barclays lifted their price objective on Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.56.

Sysco Stock Performance

Shares of Sysco stock traded up $0.77 on Friday, hitting $75.92. The stock had a trading volume of 667,911 shares, compared to its average volume of 2,935,515. Sysco Co. has a 52-week low of $62.24 and a 52-week high of $82.89. The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 5.77. The stock has a market cap of $37.81 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.92 and a beta of 1.16. The company’s 50 day moving average price is $78.20 and its 200 day moving average price is $75.44.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.95 by $0.01. The firm had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $19.74 billion. Sysco had a return on equity of 99.88% and a net margin of 2.66%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. On average, research analysts anticipate that Sysco Co. will post 4.31 EPS for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be given a dividend of $0.51 per share. This is a boost from Sysco’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, July 5th. This represents a $2.04 annualized dividend and a yield of 2.69%. Sysco’s payout ratio is presently 49.76%.

Insiders Place Their Bets

In related news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the sale, the chief accounting officer now owns 24,082 shares in the company, valued at approximately $1,926,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.58% of the stock is currently owned by insiders.

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.