Equitable Trust Co. Has $3.10 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Equitable Trust Co. increased its stake in Sysco Co. (NYSE:SYY - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,572 shares of the company's stock after buying an additional 6,208 shares during the period. Equitable Trust Co.'s holdings in Sysco were worth $3,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortem Financial Group LLC increased its stake in Sysco by 3.6% during the fourth 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 last quarter. Koshinski Asset Management Inc. increased its stake in Sysco by 3.1% during the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company's stock valued at $383,000 after purchasing an additional 146 shares during the last quarter. S.A. Mason LLC increased its stake in Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock valued at $118,000 after purchasing an additional 150 shares during the last quarter. Cable Hill Partners LLC increased its stake in Sysco by 3.9% during the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company's stock valued at $316,000 after purchasing an additional 152 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in Sysco by 12.3% during the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company's stock valued at $108,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 83.41% of the company's stock.

Sysco Price Performance

SYY stock traded up $1.66 during trading on Thursday, hitting $71.87. The company had a trading volume of 3,086,101 shares, compared to its average volume of 3,522,932. The firm has a market capitalization of $35.16 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.88 and a beta of 1.17. The business has a 50 day moving average of $75.27 and a 200 day moving average of $75.88. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the firm earned $0.89 earnings per share. As a group, research analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, January 3rd. Sysco's dividend payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Guggenheim reiterated a "buy" rating and set a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Morgan Stanley lowered their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Melius Research upgraded shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Wells Fargo & Company lowered their price target on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, UBS Group lowered their price target on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sysco has an average rating of "Moderate Buy" and a consensus target price of $84.38.

Insider Buying and Selling at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is currently owned by corporate insiders.

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.