Willner & Heller LLC Acquires New Shares in Sysco Co. (NYSE:SYY)

Willner & Heller LLC acquired a new stake in Sysco Co. (NYSE:SYY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,953 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also bought and sold shares of the company. First United Bank & Trust acquired a new stake in Sysco in the fourth quarter valued at about $26,000. AdvisorNet Financial Inc boosted its stake in shares of Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after purchasing an additional 159 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Sysco during the fourth quarter valued at about $30,000. Headlands Technologies LLC acquired a new stake in shares of Sysco during the fourth quarter valued at about $34,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Sysco by 39.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 500 shares of the company’s stock valued at $37,000 after purchasing an additional 141 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays cut their price target on Sysco from $88.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Truist Financial cut their price target on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. BMO Capital Markets cut their price objective on Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. JPMorgan Chase & Co. cut their price objective on Sysco from $87.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Finally, Guggenheim raised Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.10.

Sysco Trading Down 0.5 %

SYY stock traded down $0.35 during mid-day trading on Friday, reaching $70.69. The company’s stock had a trading volume of 2,201,537 shares, compared to its average volume of 3,069,767. The company has a market cap of $35.20 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.17. The business’s 50 day moving average price is $74.59 and its 200 day moving average price is $76.45. The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 5.77. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The business 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 for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. On average, equities research analysts predict that Sysco Co. will post 4.3 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 issued a $0.51 dividend. This is an increase from Sysco’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, July 5th. Sysco’s payout ratio is presently 48.78%.

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.