Sawyer & Company Inc Has $4.57 Million Position in Sysco Co. (NYSE:SYY)

Sawyer & Company Inc lowered its holdings in Sysco Co. (NYSE:SYY - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,781 shares of the company's stock after selling 6,461 shares during the quarter. Sysco accounts for about 1.7% of Sawyer & Company Inc's investment portfolio, making the stock its 19th largest position. Sawyer & Company Inc's holdings in Sysco were worth $4,571,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SYY. Armstrong Advisory Group Inc. lifted its stake in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock valued at $26,000 after buying an additional 310 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Sysco in the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $31,000. Focused Wealth Management Inc bought a new stake in shares of Sysco during the third quarter valued at approximately $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco in the third quarter valued at $38,000. 83.41% of the stock is owned by institutional investors.

Insider Activity

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the completion of the sale, the executive vice president now owns 60,581 shares in the company, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm's 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 $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,306 shares of company stock valued at $6,485,050 over the last 90 days. 0.54% of the stock is owned by company insiders.

Sysco Price Performance

NYSE:SYY traded down $0.83 during mid-day trading on Thursday, reaching $73.17. 3,015,270 shares of the company were exchanged, compared to its average volume of 2,209,565. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The stock has a market cap of $35.95 billion, a PE ratio of 18.81, a PEG ratio of 1.93 and a beta of 1.18. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company has a fifty day moving average of $76.88 and a 200 day moving average of $75.77.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. During the same period last year, the company earned $1.07 earnings per share. Sysco's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that Sysco Co. will post 4.57 EPS for the current fiscal 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 given a dividend of $0.51 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.79%. Sysco's payout ratio is currently 52.44%.

Wall Street Analyst Weigh In

SYY has been the topic of several analyst reports. Melius Research raised shares of Sysco to a "hold" rating in a report on Wednesday, December 18th. StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a research note on Monday. Melius began coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target for the company. Wells Fargo & Company lowered their price objective on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group increased 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. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.93.

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.