Huntington National Bank Sells 8,405 Shares of Sysco Co. (NYSE:SYY)

Huntington National Bank lessened its holdings in Sysco Co. (NYSE:SYY - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 219,487 shares of the company's stock after selling 8,405 shares during the quarter. Huntington National Bank's holdings in Sysco were worth $16,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Benjamin Edwards Inc. lifted its stake in shares of Sysco by 109.0% in the third quarter. Benjamin Edwards Inc. now owns 14,965 shares of the company's stock worth $1,170,000 after buying an additional 7,806 shares in the last quarter. Hilltop Holdings Inc. increased its stake in Sysco by 29.7% in the third quarter. Hilltop Holdings Inc. now owns 10,953 shares of the company's stock valued at $855,000 after purchasing an additional 2,507 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Sysco by 4.1% in the 3rd quarter. Janus Henderson Group PLC now owns 4,265,723 shares of the company's stock valued at $332,983,000 after buying an additional 168,163 shares during the period. Investment Management Corp of Ontario boosted its position in Sysco by 49.8% during the third quarter. Investment Management Corp of Ontario now owns 16,547 shares of the company's stock worth $1,292,000 after purchasing an additional 5,500 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in Sysco by 45.5% during the third quarter. IHT Wealth Management LLC now owns 6,797 shares of the company's stock worth $530,000 after buying an additional 2,124 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on SYY. Barclays decreased their target price on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Melius began coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their target price on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Guggenheim restated a "buy" rating and set a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.77.

Sysco Price Performance

Sysco stock traded down $4.00 during trading hours on Friday, hitting $71.41. 5,117,172 shares of the stock were exchanged, compared to its average volume of 3,289,802. 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 $34.94 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.88 and a beta of 1.11. The business's 50-day moving average is $73.07 and its two-hundred day moving average is $75.06. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.23.

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 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 period in the previous year, the company posted $0.89 EPS. Equities research analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.86%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 52.44%.

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.