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

Lyell Wealth Management LP trimmed its holdings in Sysco Co. (NYSE:SYY – Get 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:SYY – Get 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.

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