Greenleaf Trust Purchases 3,468 Shares of Sysco Co. (NYSE:SYY)

Greenleaf Trust boosted its holdings in shares of Sysco Co. (NYSE:SYY) by 19.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,894 shares of the company’s stock after acquiring an additional 3,468 shares during the quarter. Greenleaf Trust’s holdings in Sysco were worth $1,598,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its holdings in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Sysco during the third quarter valued at about $26,000. Valley Wealth Managers Inc. bought a new stake in shares of Sysco during the 3rd quarter worth about $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco during the 3rd quarter valued at about $37,000. Finally, Canoe Financial LP bought a new position in shares of Sysco in the 3rd quarter valued at approximately $38,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

NYSE:SYY opened at $72.79 on Monday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The company has a 50-day moving average of $76.30 and a 200-day moving average of $76.01. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a market capitalization of $35.61 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting 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 business earned $0.89 EPS. As a group, equities research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.80%. Sysco’s payout ratio is presently 52.44%.

Analysts Set New Price Targets

SYY has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley dropped their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. Melius started coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. Finally, Barclays decreased their target price on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.85.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the business’s 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 directly owns 48,451 shares of the company’s stock, valued at $3,876,080. The trade was a 11.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction 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 directly owns 12,955 shares of the company’s stock, valued at $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,270 shares of company stock worth $6,181,946. Corporate insiders own 0.54% of the company’s stock.

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.