Sysco Co. (NYSE:SYY) Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP trimmed its holdings in Sysco Co. (NYSE:SYYGet Rating) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,985 shares of the company’s stock after selling 154 shares during the period. Lyell Wealth Management LP’s holdings in Sysco were worth $392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in shares of Sysco in the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new position in shares of Sysco in the 3rd quarter valued at approximately $36,000. Atticus Wealth Management LLC acquired a new position in shares of Sysco in the 4th quarter valued at approximately $39,000. Glassman Wealth Services raised its position in shares of Sysco by 69.6% in the 3rd quarter. Glassman Wealth Services now owns 631 shares of the company’s stock valued at $50,000 after purchasing an additional 259 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Sysco in the 4th quarter valued at approximately $58,000. 80.94% of the stock is currently owned by institutional investors.

SYY traded down $0.63 during trading on Monday, reaching $88.17. 43,277 shares of the company were exchanged, compared to its average volume of 2,595,710. The stock has a market cap of $45.20 billion, a P/E ratio of 57.91, a PEG ratio of 2.57 and a beta of 1.26. The firm has a 50 day moving average of $83.33 and a 200 day moving average of $79.56. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 8.68. Sysco Co. has a 52 week low of $68.05 and a 52 week high of $91.53.

Sysco (NYSE:SYYGet Rating) last issued its quarterly earnings data on Tuesday, February 8th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.12). Sysco had a return on equity of 82.36% and a net margin of 1.29%. The company had revenue of $16.32 billion for the quarter, compared to the consensus estimate of $15.88 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. Sysco’s quarterly revenue was up 41.2% compared to the same quarter last year. As a group, analysts forecast that Sysco Co. will post 3.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Friday, April 1st were paid a $0.47 dividend. The ex-dividend date was Thursday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.13%. Sysco’s payout ratio is 123.69%.

SYY has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on Sysco from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 8th. Barclays upped their price target on Sysco from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial assumed coverage on Sysco in a research report on Tuesday, February 1st. They set a “buy” rating and a $89.00 price target on the stock. Morgan Stanley upped their price target on Sysco from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 9th. Finally, Argus raised Sysco from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Tuesday, February 22nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $90.44.

In other news, CAO Anita A. Zielinski sold 3,611 shares of the company’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $84.00, for a total value of $303,324.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 50,000 shares of the company’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $90.00, for a total value of $4,500,000.00. Following the completion of the sale, the executive vice president now owns 32,324 shares of the company’s stock, valued at approximately $2,909,160. The disclosure for this sale can be found here. In the last three months, insiders sold 236,400 shares of company stock valued at $20,465,169. Company insiders own 0.31% of the company’s stock.

About Sysco (Get Rating)

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily 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.

Further Reading

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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