Professional Advisory Services Inc. Has $21.32 Million Stake in Sysco Co. (NYSE:SYY)

Professional Advisory Services Inc. trimmed its holdings in Sysco Co. (NYSE:SYY - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 278,885 shares of the company's stock after selling 6,288 shares during the period. Sysco accounts for approximately 2.9% of Professional Advisory Services Inc.'s holdings, making the stock its 15th largest position. Professional Advisory Services Inc. owned about 0.06% of Sysco worth $21,324,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SYY. Armstrong Advisory Group Inc. boosted its stake in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock worth $26,000 after acquiring an additional 310 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Sysco during the third quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new position in Sysco during the third quarter valued at approximately $31,000. Focused Wealth Management Inc bought a new position in shares of Sysco in the third quarter valued at approximately $37,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Sysco in the second quarter worth $38,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SYY. Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Melius Research raised Sysco to a "hold" rating in a research report on Wednesday, December 18th. Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price for the company. Wells Fargo & Company lowered their target price on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com raised Sysco from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.93.

Insider Buying and Selling

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares of the company's stock, valued at $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,306 shares of company stock worth $6,485,050 in the last quarter. 0.54% of the stock is owned by corporate insiders.

Sysco Price Performance

Shares of Sysco stock traded down $0.21 during trading on Friday, hitting $73.02. 3,555,637 shares of the company's stock traded hands, compared to its average volume of 1,913,882. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market cap of $35.87 billion, a PE ratio of 18.77, a PEG ratio of 1.93 and a beta of 1.18. The firm's fifty day moving average price is $76.72 and its 200 day moving average price is $75.77.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. Analysts forecast that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. Sysco's dividend payout ratio is presently 52.44%.

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.