Sysco Co. (NYSE:SYY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,403 shares of the company's stock after selling 15,316 shares during the quarter. Blair William & Co. IL's holdings in Sysco were worth $17,234,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Fortem Financial Group LLC lifted its stake in shares of Sysco by 3.6% in the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock valued at $296,000 after purchasing an additional 136 shares during the period. Morton Community Bank raised its position in shares of Sysco by 0.4% in the fourth quarter. Morton Community Bank now owns 40,585 shares of the company's stock worth $3,103,000 after acquiring an additional 145 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Sysco by 53.0% in 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. FineMark National Bank & Trust lifted its stake in shares of Sysco by 1.8% in the fourth quarter. FineMark National Bank & Trust now owns 8,580 shares of the company's stock worth $656,000 after buying an additional 149 shares in the last quarter. Finally, S.A. Mason LLC boosted its position in Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock worth $118,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Remove Ads

Sysco Trading Down 0.3 %

Shares of SYY stock traded down $0.22 on Wednesday, hitting $75.21. The stock had a trading volume of 741,330 shares, compared to its average volume of 3,268,855. The company's 50 day moving average price is $73.07 and its 200-day moving average price is $75.10. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.23. 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 firm has a market capitalization of $36.79 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) 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 quarter in the previous year, the firm earned $0.89 EPS. Analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business 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. This represents a $2.04 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's payout ratio is currently 52.44%.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the transaction, the executive vice president now directly owns 56,304 shares of the company's stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Melius Research upgraded Sysco to a "hold" rating in a report on Wednesday, December 18th. Melius assumed coverage on Sysco in a report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price for the company. Guggenheim reiterated a "buy" rating and set a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. Truist Financial dropped their price objective 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. Finally, Morgan Stanley reduced their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Sysco presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.77.

About Sysco

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.