Isthmus Partners LLC Increases Position in Sysco Co. (NYSE:SYY)

Isthmus Partners LLC boosted its holdings in Sysco Co. (NYSE:SYY) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,332 shares of the company’s stock after purchasing an additional 4,927 shares during the period. Sysco comprises 1.5% of Isthmus Partners LLC’s portfolio, making the stock its 28th largest position. Isthmus Partners LLC’s holdings in Sysco were worth $11,953,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SYY. Ashton Thomas Securities LLC purchased a new position in shares of Sysco during the 3rd quarter valued at approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in Sysco in the third quarter valued at $31,000. Stonebridge Financial Group LLC bought a new position in Sysco during the 4th quarter valued at $31,000. Sherman Asset Management Inc. acquired a new position in Sysco during the 4th quarter worth $31,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the topic of several research analyst reports. Truist Financial decreased their price target on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.77.

Sysco Stock Performance

SYY opened at $76.53 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The business’s 50 day moving average is $73.47 and its 200-day moving average is $75.60. The stock has a market cap of $37.44 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33.

Sysco (NYSE:SYY) last announced 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 last year, the firm posted $0.89 earnings per share. On average, analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s dividend payout ratio is currently 52.44%.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company 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.