National Bank of Canada FI Sells 19,951 Shares of Sysco Co. (NYSE:SYY)

National Bank of Canada FI trimmed its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,593 shares of the company's stock after selling 19,951 shares during the quarter. National Bank of Canada FI owned 0.06% of Sysco worth $21,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYY. Fortem Financial Group LLC boosted its position 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 acquiring an additional 136 shares during the last quarter. MV Capital Management Inc. boosted its position in shares of Sysco by 0.4% during the 4th quarter. MV Capital Management Inc. now owns 34,330 shares of the company's stock valued at $2,625,000 after purchasing an additional 144 shares in the last quarter. Morton Community Bank increased its holdings in 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 purchasing an additional 145 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in 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 period. Finally, FineMark National Bank & Trust boosted its holdings in shares of Sysco by 1.8% during the 4th 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. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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Sysco Stock Performance

SYY traded down $4.00 during midday trading on Friday, reaching $71.41. The company had a trading volume of 5,117,172 shares, compared to its average volume of 3,289,802. The business has a 50-day moving average price of $73.07 and a two-hundred day moving average price of $75.06. 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 Co. has a 12-month low of $69.03 and a 12-month high of $82.23. The stock has a market cap of $34.94 billion, a PE ratio of 18.36, a P/E/G ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the prior year, the company earned $0.89 earnings per share. On average, sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on SYY. Guggenheim restated a "buy" rating and issued a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Melius assumed coverage on Sysco in a report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price objective for the company. UBS Group cut their target price on Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Morgan Stanley dropped their price objective 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and a consensus price target 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.