CVA Family Office LLC Acquires 1,273 Shares of Sysco Co. (NYSE:SYY)

In a recent transaction, CVA Family Office LLC has bolstered its investment portfolio by purchasing 1,273 shares of Sysco Co. (NYSE:SYY). This move underscores the confidence placed by institutional investors in Sysco’s prospects.

Institutional Investors and Hedge Funds Adjust Positions

Apart from CVA Family Office LLC, several other institutional investors and hedge funds have made notable adjustments to their positions in Sys co stock. First Financial Corp IN augmented its holdings by 3.1% during the fourth quarter, now owning 7,257 shares valued at $531,000. Similarly, CHICAGO TRUST Co NA initiated a new stake in Sys co during the same period, with a valuation of $278,000. Legato Capital Management LLC and HB Wealth Management LLC also joined the ranks of investors, acquiring stakes valued at $2,089,000 and $1,288,000, respectively. Premier Path Wealth Partners LLC entered the fray with a new stake valued at $263,000. Collectively, hedge funds and institutional investors now commandeer 83.41% of Sysco’s outstanding shares.

Insider Activity

In other news, Chief Accounting Officer Neil Russell executed a transaction involving the sale of 1,722 shares of Sys co stock on Wednesday, March 6th. The shares were sold at an average price of $80.00, amounting to a total transaction value of $137,760.00. Following this transaction, Russell now holds 24,082 shares of Sys co stock, valued at approximately $1,926,560. This sale was disclosed in accordance with regulatory requirements, underscoring transparency in corporate dealings. Insiders collectively possess 0.58% of Sysco’s outstanding shares.

Sysco Price Performance

Sys co’s stock commenced trading at $80.90 on Wednesday. The company’s fifty-day simple moving average stands at $79.30, while the two-hundred-day simple moving average is $73.17. With a market capitalization of $40.27 billion, Sys co boasts a PE ratio of 19.78 and a beta of 1.16. The company’s quick ratio is 0.80, its current ratio is 1.37, and its debt-to-equity ratio is 5.00. Sysco’s stock has ranged from a 12-month low of $62.24 to a 12-month high of $82.89.

Sysco Earnings and Dividend

Sys co last reported its earnings results on Tuesday, January 30th, surpassing analysts’ consensus estimates with earnings per share of $0.89 for the quarter. The company recorded revenue of $19.29 billion, slightly below analyst estimates. Sys co posted a net margin of 2.69% and a return on equity of 105.22%. Analysts anticipate Sys co to achieve earnings per share of 4.3 for the current year. Additionally, Sys co announced a quarterly dividend, payable on Friday, April 26th, to stockholders of record on Friday, April 5th. The dividend amounts to $0.50 per share on an annualized basis, yielding 2.47%. The ex-dividend date is Thursday, April 4th, and Sysco’s payout ratio stands at 48.90%.

NYSE Suspends Trading of Fisker Stock

Wall Street Analysts’ Assessment

Several equities analysts have recently weighed in on Sysco’s stock. Notably, JPMorgan Chase & Co., BMO Capital Markets, and Stephens have all raised their target prices for Sysco, citing an “overweight” rating., meanwhile, downgraded Sysco from “strong-buy” to “buy.” Overall, Sysco currently maintains a consensus rating of “Moderate Buy” among analysts, with a consensus target price of $85.38, as per MarketBeat data.

Sys co’s recent performance, coupled with analyst sentiment, underscores its resilience and potential for growth in the marketplace. As investors navigate the dynamic landscape of the stock market, Sysco continues to command attention as a promising investment opportunity.


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