Sysco Co. (NYSE:SYY) Holdings Reduced by Bailard Inc.

Bailard Inc. decreased its position in Sysco Co. (NYSE:SYY) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 103,798 shares of the company’s stock after selling 270 shares during the period. Bailard Inc.’s holdings in Sysco were worth $7,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Sysco by 10.7% in the third quarter. Assenagon Asset Management S.A. now owns 15,997 shares of the company’s stock valued at $1,249,000 after acquiring an additional 1,551 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Sysco by 1.4% in the third quarter. Pinnacle Associates Ltd. now owns 25,261 shares of the company’s stock valued at $1,847,000 after acquiring an additional 351 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Sysco by 5.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 11,320 shares of the company’s stock valued at $884,000 after acquiring an additional 571 shares in the last quarter. CacheTech Inc. boosted its holdings in shares of Sysco by 2.6% in the third quarter. CacheTech Inc. now owns 29,571 shares of the company’s stock valued at $2,308,000 after acquiring an additional 749 shares in the last quarter. Finally, Cambiar Investors LLC boosted its holdings in shares of Sysco by 40.5% in the third quarter. Cambiar Investors LLC now owns 615,702 shares of the company’s stock valued at $48,062,000 after acquiring an additional 177,425 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the sale, the executive vice president now owns 60,581 shares in the company, valued at $4,846,480. This represents a 26.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,370 shares of company stock worth $5,965,519. 0.54% of the stock is owned by corporate insiders.

Sysco Stock Up 1.1 %

Shares of NYSE:SYY opened at $75.53 on Friday. 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 market cap of $36.95 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The firm has a 50 day simple moving average of $73.66 and a 200 day simple moving average of $75.65.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate 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 firm posted $0.89 earnings per share. As a group, research analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Wall Street Analyst Weigh In

SYY has been the subject of several recent analyst reports. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Barclays decreased their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. UBS Group reduced their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial reduced their target price on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $84.77.

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.