Dynasty Wealth Management LLC Purchases 15,652 Shares of Sysco Co. (NYSE:SYY)

Dynasty Wealth Management LLC raised its stake in Sysco Co. (NYSE:SYY) by 142.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,623 shares of the company’s stock after buying an additional 15,652 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Sysco were worth $2,036,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SYY. Ashton Thomas Securities LLC bought a new position in Sysco during the third quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Sysco during the 4th quarter worth $31,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco in the 3rd quarter worth about $31,000. Focused Wealth Management Inc purchased a new position in shares of Sysco during the third quarter worth approximately $37,000. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Sysco by 107.4% in 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. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. This trade represents 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 this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco 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 transaction, the senior vice president now directly owns 48,451 shares in the company, 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. Insiders sold a total of 76,370 shares of company stock valued at $5,965,519 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $74.68 on Friday. The company has a market cap of $36.54 billion, a price-to-earnings ratio of 19.20, a PEG 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 company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm’s fifty day moving average is $73.69 and its 200 day moving average is $75.64.

Sysco (NYSE:SYY) last posted 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 prior year, the firm posted $0.89 EPS. Sell-side analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed 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 2.73%. Sysco’s payout ratio is currently 52.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SYY. UBS Group cut their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock 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 note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Truist Financial reduced their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average target price 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.