Integras Partners LLC Takes $2.45 Million Position in Sysco Co. (NYSE:SYY)

Integras Partners LLC purchased a new stake in shares of Sysco Co. (NYSE:SYYFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 32,055 shares of the company’s stock, valued at approximately $2,451,000. Sysco makes up about 2.1% of Integras Partners LLC’s portfolio, making the stock its 24th largest position.

Other institutional investors have also made changes to their positions in the company. Mondrian Investment Partners LTD acquired a new stake in Sysco in the 4th quarter worth approximately $123,928,000. Impact Capital Partners LLC acquired a new stake in Sysco in the 4th quarter worth approximately $306,000. PGGM Investments lifted its holdings in Sysco by 72.0% in the 4th quarter. PGGM Investments now owns 7,330 shares of the company’s stock worth $560,000 after purchasing an additional 3,069 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in Sysco by 16.1% in the 4th quarter. Achmea Investment Management B.V. now owns 84,798 shares of the company’s stock worth $6,483,000 after purchasing an additional 11,747 shares during the last quarter. Finally, Essential Planning LLC. acquired a new stake in Sysco in the 4th quarter worth approximately $866,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

SYY opened at $72.63 on Friday. The stock’s 50 day simple moving average is $73.32 and its 200-day simple moving average is $75.54. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The stock has a market cap of $35.53 billion, a PE ratio of 18.67, a P/E/G ratio of 1.88 and a beta of 1.11. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYYGet Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting 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 period in the previous year, the business earned $0.89 EPS. Sell-side analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is 52.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SYY shares. Wells Fargo & Company upped their price target on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut 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. UBS Group cut their price target on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Barclays cut their price target on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average price target of $84.77.

Read Our Latest Report on SYY

Insider Buying and Selling at Sysco

In other Sysco 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 sale, the executive vice president now directly 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Sysco Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Co. (NYSE:SYYFree Report).

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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