Huntington National Bank Has $16.78 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Huntington National Bank trimmed its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Buckley Wealth Management LLC increased its position in shares of Sysco by 0.8% during the fourth quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company's stock worth $1,391,000 after acquiring an additional 150 shares in the last quarter. WR Wealth Planners LLC boosted its position in shares of Sysco by 9.9% during the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock worth $326,000 after buying an additional 386 shares during the period. Clark & Stuart Inc acquired a new stake in Sysco in the 4th quarter valued at approximately $7,613,000. Kovitz Investment Group Partners LLC lifted its stake in Sysco by 76.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,362 shares of the company's stock valued at $10,256,000 after acquiring an additional 58,430 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Sysco by 179.5% during the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company's stock worth $61,500,000 after acquiring an additional 516,585 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Stock Performance

NYSE:SYY traded up $1.01 during mid-day trading on Tuesday, hitting $70.47. 980,412 shares of the stock were exchanged, compared to its average volume of 3,285,814. The firm's 50-day simple moving average is $72.92 and its 200 day simple moving average is $75.01. The stock has a market capitalization of $34.48 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. Sysco Co. has a fifty-two week low of $68.65 and a fifty-two week high of $82.23. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data 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 quarter in the previous year, the business posted $0.89 EPS. As a group, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.89%. Sysco's payout ratio is presently 52.44%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Melius Research raised shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised their price target on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Morgan Stanley cut their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, UBS Group decreased their price objective 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 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 presently has a consensus rating of "Moderate Buy" and an average target price of $84.77.

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.