Sysco Co. (NYSE:SYY) Stake Trimmed by Sicart Associates LLC

Sicart Associates LLC lessened its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,865 shares of the company's stock after selling 5,255 shares during the period. Sysco makes up 3.0% of Sicart Associates LLC's holdings, making the stock its 10th biggest position. Sicart Associates LLC's holdings in Sysco were worth $8,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Sysco by 1.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 65,394 shares of the company's stock valued at $5,000,000 after purchasing an additional 1,211 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its position in Sysco by 3.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 121,208 shares of the company's stock valued at $9,268,000 after buying an additional 4,458 shares during the period. Burney Co. raised its position in shares of Sysco by 13.2% in the fourth quarter. Burney Co. now owns 27,424 shares of the company's stock worth $2,097,000 after acquiring an additional 3,192 shares during the period. Founders Grove Wealth Partners LLC acquired a new position in shares of Sysco in the fourth quarter worth about $207,000. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Sysco by 15.0% during the 4th quarter. Laurel Wealth Advisors LLC now owns 2,300 shares of the company's stock worth $176,000 after acquiring an additional 300 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the transaction, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Melius assumed coverage on Sysco in a report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price target for the company. Jefferies Financial Group lifted their price target 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 upgraded shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a research note on Monday. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $85.93.

Sysco Trading Down 0.3 %

Shares of SYY stock traded down $0.21 on Friday, hitting $73.02. 3,555,637 shares of the stock traded hands, compared to its average volume of 2,331,949. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The stock has a market capitalization 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 50-day moving average price is $76.80 and its two-hundred day moving average price is $75.75. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 EPS. As a group, analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared 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. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, January 3rd. 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.