Sysco Co. (NYSE:SYY) Shares Sold by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. lessened its position in shares of Sysco Co. (NYSE:SYY) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,300 shares of the company’s stock after selling 385 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Sysco were worth $940,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in Sysco by 185.5% in the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock valued at $2,446,000 after buying an additional 20,356 shares during the period. Czech National Bank lifted its holdings in shares of Sysco by 5.6% in the 3rd quarter. Czech National Bank now owns 100,176 shares of the company’s stock worth $7,820,000 after acquiring an additional 5,281 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Sysco by 23.9% during the 3rd quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock worth $448,000 after purchasing an additional 1,107 shares during the period. Diversified Trust Co acquired a new stake in Sysco in the 3rd quarter valued at approximately $209,000. Finally, Fulton Bank N.A. raised its position in Sysco by 123.3% in the third quarter. Fulton Bank N.A. now owns 7,012 shares of the company’s stock valued at $547,000 after purchasing an additional 3,872 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SYY shares. Guggenheim restated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Morgan Stanley reduced their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Truist Financial lowered their target price on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group lifted their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Sysco Price Performance

Shares of SYY opened at $71.38 on Thursday. 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 Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The stock has a market cap of $34.92 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18. The firm has a fifty day moving average price of $76.11 and a 200 day moving average price of $75.99.

Sysco (NYSE:SYY) last released 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 firm posted $0.89 EPS. As a group, sell-side analysts anticipate that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

Insider Activity

In related news, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the sale, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,270 shares of company stock valued at $6,181,946. Insiders own 0.54% of the company’s stock.

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.