Terra Alpha Investments LLC Makes New $1.45 Million Investment in Sysco Co. (NYSE:SYY)

Terra Alpha Investments LLC bought a new position in shares of Sysco Co. (NYSE:SYY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,021 shares of the company’s stock, valued at approximately $1,454,000. Sysco comprises approximately 1.5% of Terra Alpha Investments LLC’s portfolio, making the stock its 27th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC bought a new position in Sysco during the fourth quarter worth about $31,000. Sherman Asset Management Inc. acquired a new stake in Sysco in the 4th quarter valued at $31,000. SRS Capital Advisors Inc. raised its holdings in Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after acquiring an additional 149 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 321 shares during the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in Sysco in the fourth quarter valued at $50,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Up 1.0 %

SYY stock opened at $73.35 on Monday. The business has a fifty day moving average price of $73.28 and a 200-day moving average price of $75.51. 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 $35.89 billion, a P/E ratio of 18.86, 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.

Sysco (NYSE:SYY) last released its quarterly 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 firm earned $0.89 EPS. Equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.78%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Wall Street Analysts Forecast Growth

SYY has been the topic of several research reports. Truist Financial decreased their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their target price on shares of Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.77.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the 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 sale, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

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.