Mitchell & Pahl Private Wealth LLC Has $1.64 Million Stock Position in Sysco Co. (NYSE:SYY)

Mitchell & Pahl Private Wealth LLC boosted its stake in Sysco Co. (NYSE:SYY) by 7.2% in the fourth quarter, Holdings Channel reports. The firm owned 21,488 shares of the company’s stock after purchasing an additional 1,438 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Sysco were worth $1,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SYY. Ballentine Partners LLC lifted its holdings in shares of Sysco by 8.2% during the 4th quarter. Ballentine Partners LLC now owns 11,950 shares of the company’s stock worth $914,000 after acquiring an additional 903 shares during the period. Koshinski Asset Management Inc. lifted its stake in Sysco by 7.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 5,259 shares of the company’s stock worth $402,000 after purchasing an additional 346 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of Sysco in the 4th quarter valued at $506,000. Diversify Wealth Management LLC increased its stake in shares of Sysco by 7.3% in the 4th quarter. Diversify Wealth Management LLC now owns 9,017 shares of the company’s stock valued at $664,000 after purchasing an additional 611 shares during the last quarter. Finally, LVW Advisors LLC grew its position in Sysco by 13.1% in the fourth quarter. LVW Advisors LLC now owns 3,257 shares of the company’s stock valued at $249,000 after acquiring an additional 378 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE:SYY opened at $73.02 on Tuesday. The company has a market capitalization of $35.87 billion, a PE ratio of 18.77, a P/E/G ratio of 2.03 and a beta of 1.18. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The company has a 50 day simple moving average of $76.72 and a two-hundred day simple moving average of $75.85.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. Sysco’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. Research analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. Sysco’s payout ratio is 52.44%.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,306 shares of company stock valued at $6,485,050 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company dropped their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Melius began coverage on Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.93.

About Sysco

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.