4,930 Shares in Sysco Co. (NYSE:SYY) Bought by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC acquired a new stake in shares of Sysco Co. (NYSE:SYY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,930 shares of the company’s stock, valued at approximately $361,000.

Several other hedge funds have also added to or reduced their stakes in SYY. Hunter Associates Investment Management LLC boosted its position in Sysco by 1.5% during the 4th quarter. Hunter Associates Investment Management LLC now owns 8,275 shares of the company’s stock valued at $606,000 after buying an additional 125 shares during the period. Hazlett Burt & Watson Inc. grew its position in Sysco by 6.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company’s stock worth $165,000 after purchasing an additional 135 shares during the period. Quent Capital LLC raised its position in Sysco by 5.0% in the fourth quarter. Quent Capital LLC now owns 2,948 shares of the company’s stock worth $216,000 after acquiring an additional 140 shares during the period. GHE LLC lifted its holdings in Sysco by 1.0% during the fourth quarter. GHE LLC now owns 14,718 shares of the company’s stock valued at $1,076,000 after purchasing an additional 146 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Sysco by 0.5% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 30,360 shares of the company’s stock worth $2,457,000 after purchasing an additional 149 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. 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. BMO Capital Markets boosted their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. UBS Group lowered their target price on shares of Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Stephens raised their price target on Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.56.

Insider Buying and Selling

In other news, CAO Neil Russell sold 1,722 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total transaction of $137,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,082 shares of the company’s stock, valued at approximately $1,926,560. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Sysco Trading Up 0.6 %

Shares of SYY stock traded up $0.46 on Tuesday, hitting $75.94. 811,148 shares of the stock traded hands, compared to its average volume of 2,940,360. The stock has a market capitalization of $37.82 billion, a PE ratio of 18.41, a PEG ratio of 1.92 and a beta of 1.16. The firm’s 50-day moving average price is $78.55 and its two-hundred day moving average price is $75.38. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.77 and a current ratio of 1.34. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89.

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

Sysco Increases Dividend

The business also recently disclosed 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 represents a $2.04 dividend on an annualized basis and a yield of 2.69%. This is a boost from Sysco’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, July 5th. Sysco’s dividend payout ratio (DPR) is presently 48.78%.

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.