Evergreen Capital Management LLC Has $694,000 Position in Sysco Co. (NYSE:SYY)

Evergreen Capital Management LLC lowered its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 85.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,076 shares of the company's stock after selling 55,507 shares during the quarter. Evergreen Capital Management LLC's holdings in Sysco were worth $694,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Regal Investment Advisors LLC raised its holdings in shares of Sysco by 2.8% in the 4th quarter. Regal Investment Advisors LLC now owns 21,980 shares of the company's stock worth $1,681,000 after purchasing an additional 605 shares during the period. Jump Financial LLC raised its holdings in Sysco by 3.4% in the fourth quarter. Jump Financial LLC now owns 12,413 shares of the company's stock valued at $949,000 after buying an additional 403 shares during the period. Adams Wealth Management lifted its position in Sysco by 16.3% during the fourth quarter. Adams Wealth Management now owns 34,380 shares of the company's stock valued at $2,629,000 after buying an additional 4,809 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in Sysco during the fourth quarter worth approximately $456,000. Finally, Belpointe Asset Management LLC increased its position in shares of Sysco by 166.5% in the fourth quarter. Belpointe Asset Management LLC now owns 11,733 shares of the company's stock worth $915,000 after acquiring an additional 7,330 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SYY. Wells Fargo & Company upped their price target on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Morgan Stanley dropped their target price on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Guggenheim restated a "buy" rating and issued a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. UBS Group dropped their price objective on shares of Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial lowered their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.92.

Sysco Stock Performance

SYY traded down $0.19 on Thursday, hitting $72.70. 942,534 shares of the company's stock were exchanged, compared to its average volume of 3,338,597. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The stock has a fifty day moving average of $72.75 and a two-hundred day moving average of $74.48. Sysco Co. has a twelve month low of $67.12 and a twelve month high of $82.23. The firm has a market cap of $35.57 billion, a PE ratio of 18.69, a P/E/G ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY - Get Free Report) 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 return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the firm earned $0.89 EPS. On average, research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.81%. Sysco's dividend payout ratio is currently 52.44%.

Sysco 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.