Integras Partners LLC Buys Shares of 32,055 Sysco Co. (NYSE:SYY)

Integras Partners LLC bought a new stake in Sysco Co. (NYSE:SYY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 32,055 shares of the company’s stock, valued at approximately $2,451,000. Sysco comprises 2.1% of Integras Partners LLC’s holdings, making the stock its 24th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in SYY. Ashton Thomas Securities LLC bought a new stake in Sysco in the third quarter valued at $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco in the third quarter valued at $31,000. Stonebridge Financial Group LLC bought a new stake in Sysco in the fourth quarter valued at $31,000. Sherman Asset Management Inc. bought a new stake in Sysco in the fourth quarter valued at $31,000. Finally, SRS Capital Advisors Inc. lifted its stake in 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 buying an additional 149 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Down 1.4 %

Shares of SYY opened at $72.63 on Friday. The business’s 50-day moving average price is $73.32 and its 200 day moving average price is $75.54. The stock has a market capitalization of $35.53 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. 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 (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share 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 period in the previous year, the company posted $0.89 EPS. Analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

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 paid a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.81%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of a number of recent analyst reports. Melius Research upgraded shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company lifted their price objective on shares of Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. 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 research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Four equities research 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 stock. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average 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.