Captrust Financial Advisors Has $8.97 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Captrust Financial Advisors decreased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,292 shares of the company's stock after selling 7,049 shares during the period. Captrust Financial Advisors' holdings in Sysco were worth $8,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in shares of Sysco during the fourth quarter valued at about $29,000. Stonebridge Financial Group LLC acquired a new position in shares of Sysco during the fourth quarter valued at about $31,000. Flagship Wealth Advisors LLC acquired a new position in shares of Sysco during the fourth quarter valued at about $31,000. Sherman Asset Management Inc. acquired a new position in shares of Sysco during the fourth quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. raised its position in shares of Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Price Performance

Sysco stock traded up $1.00 during trading hours on Monday, hitting $71.75. 1,737,182 shares of the stock were exchanged, compared to its average volume of 3,355,197. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The stock has a market capitalization of $34.78 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.88 and a beta of 0.80. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The business's 50-day moving average is $72.16 and its two-hundred day moving average is $74.13.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.06). Sysco had a net margin of 2.40% and a return on equity of 106.30%. The company had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. During the same period last year, the company earned $0.96 earnings per share. Sysco's revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be paid 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 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, July 3rd. Sysco's dividend payout ratio is 55.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group cut their price objective on shares of Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 price objective on shares of Sysco and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company cut their price objective on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial dropped their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.38.

Insider Activity

In other Sysco news, Director Sheila Talton sold 356 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total value of $25,219.04. Following the sale, 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 SEC, which is accessible through the SEC website. 0.54% of the stock is owned by 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.