HM Payson & Co. Acquires 150 Shares of Sysco Co. (NYSE:SYY)

HM Payson & Co. increased its holdings in Sysco Co. (NYSE:SYY) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 19,160 shares of the company’s stock after buying an additional 150 shares during the quarter. HM Payson & Co.’s holdings in Sysco were worth $1,465,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SYY. Ashton Thomas Securities LLC bought a new stake in Sysco during the 3rd quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in Sysco during the 4th quarter valued at about $31,000. Valley Wealth Managers Inc. bought a new stake in Sysco during the 3rd quarter valued at about $31,000. Sherman Asset Management Inc. bought a new stake in Sysco during the 4th quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. increased its stake in Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Performance

SYY opened at $76.53 on Friday. 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 company has a market cap of $37.44 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.88 and a beta of 1.11. The company’s 50 day moving average is $73.47 and its 200 day moving average is $75.61. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.

Sysco (NYSE:SYY) last posted its quarterly earnings data 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 net margin of 2.40% and a return on equity of 106.30%. During the same period in the prior year, the business earned $0.89 EPS. On average, equities research analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

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

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the transaction, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the subject of a number of analyst reports. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Truist Financial reduced their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays reduced their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target 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. Finally, Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

About Sysco

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.