Sandhill Capital Partners LLC Buys 637 Shares of Sysco Co. (NYSE:SYY)

Sandhill Capital Partners LLC raised its stake in Sysco Co. (NYSE:SYY) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,850 shares of the company’s stock after acquiring an additional 637 shares during the period. Sandhill Capital Partners LLC’s holdings in Sysco were worth $3,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SYY. Stonebridge Financial Group LLC bought a new stake in Sysco during the 4th quarter valued at about $31,000. Sherman Asset Management Inc. purchased a new stake in shares of Sysco during the fourth quarter valued at approximately $31,000. Flagship Wealth Advisors LLC bought a new stake in shares of Sysco during the fourth quarter valued at approximately $31,000. SRS Capital Advisors Inc. raised its holdings in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after acquiring an additional 149 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in Sysco by 107.4% in 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 in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Price Performance

Shares of NYSE:SYY opened at $69.40 on Tuesday. The firm’s 50 day simple moving average is $72.92 and its two-hundred day simple moving average is $75.01. 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 company has a market capitalization of $33.95 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.88 and a beta of 0.91. Sysco Co. has a 1-year low of $68.65 and a 1-year high of $82.23.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the prior year, the company posted $0.89 earnings per share. Research analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed 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. This represents a $2.04 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SYY. Truist Financial decreased their price target on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company upped their target price 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. UBS Group reduced their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.