Terra Alpha Investments LLC Grows Holdings in Sysco Co. (NYSE:SYY)

Terra Alpha Investments LLC boosted its position in Sysco Co. (NYSE:SYY) by 4.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 19,923 shares of the company’s stock after purchasing an additional 902 shares during the period. Sysco comprises 1.6% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 28th biggest position. Terra Alpha Investments LLC’s holdings in Sysco were worth $1,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its stake in shares of Sysco by 9.1% during the 4th quarter. Apollon Wealth Management LLC now owns 8,290 shares of the company’s stock worth $634,000 after purchasing an additional 694 shares during the period. Stephens Inc. AR increased its position in Sysco by 1.7% in the fourth quarter. Stephens Inc. AR now owns 27,260 shares of the company’s stock worth $2,084,000 after buying an additional 462 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Sysco by 242.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 33,695 shares of the company’s stock valued at $2,576,000 after buying an additional 23,850 shares during the last quarter. Angeles Wealth Management LLC bought a new position in shares of Sysco during the 4th quarter worth $206,000. Finally, MFA Wealth Advisors LLC increased its stake in shares of Sysco by 8.5% in the fourth quarter. MFA Wealth Advisors LLC now owns 4,727 shares of the company’s stock worth $361,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In other news, Director Sheila Talton sold 356 shares of Sysco stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total transaction of $25,219.04. Following the completion of the transaction, the director now directly owns 12,738 shares in the company, valued at approximately $902,359.92. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SYY. Wall Street Zen downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Sanford C. Bernstein set a $87.00 price target on shares of Sysco and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. BMO Capital Markets dropped their price objective on shares of Sysco from $82.00 to $77.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Citigroup started coverage on shares of Sysco in a research report on Thursday, May 22nd. They issued a “neutral” rating and a $78.00 target price for the company. Finally, UBS Group dropped their price target on Sysco from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Sysco Price Performance

Shares of NYSE SYY opened at $75.25 on Tuesday. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23. The stock has a market capitalization of $36.48 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.88 and a beta of 0.81. The company’s 50-day moving average is $71.66 and its 200 day moving average is $73.69. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.06). The firm had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a return on equity of 106.30% and a net margin of 2.40%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. On average, sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be given a dividend of $0.54 per share. This is a boost from Sysco’s previous quarterly dividend of $0.51. This represents a $2.16 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, July 3rd. Sysco’s dividend payout ratio (DPR) is 55.96%.

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.