Sysco Co. (NYSE:SYY) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in Sysco Co. (NYSE:SYY) by 46.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 974,541 shares of the company’s stock after selling 834,104 shares during the period. American Century Companies Inc. owned about 0.20% of Sysco worth $74,513,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in shares of Sysco during the fourth quarter valued at approximately $31,000. Sherman Asset Management Inc. purchased a new position in shares of Sysco during the 4th quarter worth $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Sysco during the fourth quarter worth $31,000. SRS Capital Advisors Inc. grew its position in shares of Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares during the period. Finally, HHM Wealth Advisors LLC increased its stake in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 321 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of Sysco stock opened at $70.38 on Wednesday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The firm’s 50-day simple moving average is $72.98 and its 200-day simple moving average is $75.21. The firm has a market cap of $34.43 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 quarter in the prior year, the firm posted $0.89 EPS. Equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.90%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Analyst Upgrades and Downgrades

SYY has been the topic of several research reports. UBS Group cut their target price on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial decreased their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group boosted their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Sysco 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.