Vision Capital Management Inc. Sells 7,446 Shares of Sysco Co. (NYSE:SYY)

Vision Capital Management Inc. trimmed its position in Sysco Co. (NYSE:SYY - Free Report) by 37.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,645 shares of the company's stock after selling 7,446 shares during the period. Vision Capital Management Inc.'s holdings in Sysco were worth $967,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. increased its stake in Sysco by 1,240.0% in the 3rd 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 last quarter. Ashton Thomas Securities LLC bought a new stake in Sysco during the third quarter worth about $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 acquired a new position in shares of Sysco during the 3rd quarter worth approximately $37,000. Finally, Canoe Financial LP acquired a new stake in shares of Sysco in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 2,900 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares of the company's stock, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,270 shares of company stock worth $6,181,946. Insiders own 0.54% of the company's stock.

Sysco Price Performance

Shares of SYY stock traded down $0.13 during trading hours on Friday, reaching $71.13. The company's stock had a trading volume of 3,078,287 shares, compared to its average volume of 3,927,183. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The company has a market capitalization of $34.80 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.88 and a beta of 1.17. The firm's 50 day simple moving average is $75.78 and its 200-day simple moving average is $75.92.

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

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco's payout ratio is 52.44%.

Wall Street Analysts Forecast Growth

SYY has been the topic of several recent analyst reports. Melius started coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 price objective on the stock. Melius Research upgraded Sysco to a "hold" rating in a research note on Wednesday, December 18th. Barclays reduced their target price on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Morgan Stanley dropped their price target on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Sysco from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Sysco presently has a consensus rating of "Moderate Buy" and an average price target of $84.38.

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.