Physician Wealth Advisors Inc. Makes New $57,000 Investment in Sysco Co. (NYSE:SYY)

Physician Wealth Advisors Inc. purchased a new stake in Sysco Co. (NYSE:SYY) in the 4th quarter, Holdings Channel reports. The fund purchased 751 shares of the company’s stock, valued at approximately $57,000.

Several other institutional investors also recently made changes to their positions in the stock. Stonebridge Financial Group LLC purchased a new position in shares of Sysco during the 4th quarter worth approximately $31,000. Sherman Asset Management Inc. purchased a new position in shares of Sysco in the 4th quarter worth about $31,000. Flagship Wealth Advisors LLC acquired a new stake in Sysco during the 4th quarter worth approximately $31,000. SRS Capital Advisors Inc. raised its holdings in Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after buying an additional 149 shares during the period. Finally, HHM Wealth Advisors LLC grew its stake in Sysco by 107.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock worth $47,000 after buying an additional 321 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Performance

Shares of NYSE SYY opened at $75.10 on Tuesday. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.23. 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 stock has a fifty day moving average price of $73.03 and a two-hundred day moving average price of $75.11. The firm has a market cap of $36.74 billion, a P/E ratio of 19.31, a PEG ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 previous year, the firm earned $0.89 EPS. Research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.72%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Wall Street Analyst Weigh In

SYY has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Morgan Stanley reduced their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Barclays reduced their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently 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.