Sysco Co. (NYSE:SYY) Shares Sold by West Oak Capital LLC

West Oak Capital LLC decreased its stake in shares of Sysco Co. (NYSE:SYY) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,570 shares of the company’s stock after selling 430 shares during the period. West Oak Capital LLC’s holdings in Sysco were worth $801,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Sysco by 1.7% in the 2nd quarter. BlackRock Inc. now owns 32,931,823 shares of the company’s stock worth $2,443,541,000 after buying an additional 549,086 shares during the period. State Street Corp raised its holdings in shares of Sysco by 1.5% in the 2nd quarter. State Street Corp now owns 24,451,298 shares of the company’s stock worth $1,814,286,000 after purchasing an additional 357,246 shares during the period. Invesco Ltd. lifted its stake in shares of Sysco by 11.0% in the 3rd quarter. Invesco Ltd. now owns 10,859,690 shares of the company’s stock valued at $717,283,000 after purchasing an additional 1,076,287 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Sysco by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 8,909,697 shares of the company’s stock valued at $686,254,000 after purchasing an additional 161,756 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its holdings in shares of Sysco by 70,686.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,967,508 shares of the company’s stock worth $532,666,000 after purchasing an additional 6,957,665 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.4 %

NYSE:SYY traded down $0.31 on Thursday, reaching $81.63. The stock had a trading volume of 546,597 shares, compared to its average volume of 2,984,884. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89. The stock has a market cap of $40.64 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00. The company has a 50-day moving average of $79.42 and a 200 day moving average of $73.25.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The firm had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same quarter last year, the firm earned $0.80 EPS. Sysco’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts predict that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s dividend payout ratio is currently 48.90%.

Insider Transactions at Sysco

In other news, CAO Neil Russell sold 1,722 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the transaction, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SYY. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Barclays increased their price target on Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Stephens boosted their price objective on Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets increased their target price on Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.38.

About Sysco

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.