Tradition Wealth Management LLC Sells 196 Shares of Sysco Co. (NYSE:SYY)

Tradition Wealth Management LLC lessened its holdings in shares of Sysco Co. (NYSE:SYY) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,406 shares of the company’s stock after selling 196 shares during the quarter. Tradition Wealth Management LLC’s holdings in Sysco were worth $260,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Buckley Wealth Management LLC raised its stake in Sysco by 0.8% in the 4th quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company’s stock valued at $1,391,000 after acquiring an additional 150 shares during the period. WR Wealth Planners LLC lifted its stake in shares of Sysco by 9.9% during the 4th quarter. WR Wealth Planners LLC now owns 4,270 shares of the company’s stock worth $326,000 after buying an additional 386 shares during the last quarter. Clark & Stuart Inc acquired a new position in Sysco in the 4th quarter valued at about $7,613,000. Boston Trust Walden Corp raised its holdings in Sysco by 179.5% in the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company’s stock valued at $61,500,000 after acquiring an additional 516,585 shares during the period. Finally, Lmcg Investments LLC acquired a new stake in Sysco during the fourth quarter worth approximately $3,668,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Down 0.4 %

NYSE SYY opened at $71.45 on Tuesday. Sysco Co. has a fifty-two week low of $67.12 and a fifty-two week high of $82.23. The business has a fifty day moving average price of $72.69 and a two-hundred day moving average price of $74.50. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The stock has a market capitalization of $34.96 billion, a PE ratio of 18.37, a PEG ratio of 1.88 and a beta of 0.91.

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

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid 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 2.86%. Sysco’s payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SYY shares. Truist Financial lowered their target price on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Wells Fargo & Company boosted their target price on shares of Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley lowered their price target on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Guggenheim reissued a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.77.

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.