Avion Wealth Has $366,000 Stake in Sysco Co. (NYSE:SYY)

Avion Wealth grew its position in Sysco Co. (NYSE:SYY) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,791 shares of the company’s stock after buying an additional 345 shares during the quarter. Avion Wealth’s holdings in Sysco were worth $366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jmac Enterprises LLC acquired a new position in Sysco during the fourth quarter valued at approximately $210,000. Kentucky Trust Co bought a new position in shares of Sysco in the 4th quarter valued at $859,000. Certuity LLC raised its holdings in shares of Sysco by 26.1% during the 4th quarter. Certuity LLC now owns 5,081 shares of the company’s stock worth $389,000 after buying an additional 1,052 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of Sysco by 9.7% during the 4th quarter. Leavell Investment Management Inc. now owns 5,667 shares of the company’s stock worth $433,000 after buying an additional 501 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Sysco in the fourth quarter valued at about $31,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group lowered their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Melius assumed coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Barclays lowered their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, Guggenheim reissued a “buy” rating and set a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Sysco Price Performance

Shares of SYY opened at $70.57 on Wednesday. The business has a 50-day moving average of $75.65 and a 200-day moving average of $75.94. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The company has a market capitalization of $34.53 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. 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 (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 last year, the company posted $0.89 EPS. As a group, equities research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insiders Place Their Bets

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,270 shares of company stock worth $6,181,946. 0.54% of the stock is owned by corporate insiders.

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.