Sysco Co. (NYSE:SYY) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its position in Sysco Co. (NYSE:SYY) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,900 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Sysco were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB grew its stake in Sysco by 185.5% in the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after acquiring an additional 20,356 shares during the period. Czech National Bank grew its position in shares of Sysco by 5.6% in the third quarter. Czech National Bank now owns 100,176 shares of the company’s stock valued at $7,820,000 after purchasing an additional 5,281 shares during the period. GAMMA Investing LLC increased its stake in Sysco by 23.9% in the third quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock valued at $448,000 after purchasing an additional 1,107 shares during the last quarter. Diversified Trust Co purchased a new position in Sysco during the third quarter worth about $209,000. Finally, Fulton Bank N.A. boosted its stake in Sysco by 123.3% in the 3rd quarter. Fulton Bank N.A. now owns 7,012 shares of the company’s stock worth $547,000 after buying an additional 3,872 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYY has been the topic of several recent analyst reports. Truist Financial cut their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company dropped their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Guggenheim restated a “buy” rating and set a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Sysco Trading Down 1.2 %

NYSE SYY opened at $71.42 on Wednesday. The stock has a market cap of $34.94 billion, a P/E ratio of 18.36, a PEG ratio of 1.93 and a beta of 1.18. The company’s fifty day simple moving average is $76.21 and its 200-day simple moving average is $76.00. 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 Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 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 last year, the company posted $0.89 EPS. Equities research analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.86%. Sysco’s dividend payout ratio is presently 52.44%.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,270 shares of company stock valued at $6,181,946 in the last three months. Corporate insiders own 0.54% of the company’s stock.

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.