Telos Capital Management Inc. Sells 66,225 Shares of Sysco Co. (NYSE:SYY)

Telos Capital Management Inc. reduced its stake in Sysco Co. (NYSE:SYY - Free Report) by 88.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,750 shares of the company's stock after selling 66,225 shares during the quarter. Telos Capital Management Inc.'s holdings in Sysco were worth $669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Fortem Financial Group LLC lifted its position in Sysco by 3.6% in the 4th 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 in the last quarter. Koshinski Asset Management Inc. lifted its position in Sysco by 3.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company's stock valued at $383,000 after acquiring an additional 146 shares in the last quarter. S.A. Mason LLC lifted its position in Sysco by 10.7% in the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock valued at $118,000 after acquiring an additional 150 shares in the last quarter. Cable Hill Partners LLC lifted its position in Sysco by 3.9% in the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company's stock valued at $316,000 after acquiring an additional 152 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in Sysco by 12.3% in the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company's stock valued at $108,000 after acquiring an additional 154 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com raised Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. UBS Group lowered their price target on Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Truist Financial lowered their price target on Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Guggenheim reissued a "buy" rating and set a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.38.

Sysco Price Performance

SYY stock traded down $1.04 during trading on Monday, reaching $70.08. The company's stock had a trading volume of 2,212,226 shares, compared to its average volume of 3,561,535. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $34.29 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The company's fifty day moving average is $75.78 and its 200-day moving average is $75.96.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly 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 last year, the firm posted $0.89 earnings per share. On average, research analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were paid a $0.51 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. Sysco's payout ratio is presently 52.44%.

Insiders Place Their Bets

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,270 shares of company stock worth $6,181,946. Corporate insiders own 0.54% of the company's stock.

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.