River Road Asset Management LLC Sells 9,876 Shares of Sysco Co. (NYSE:SYY)

River Road Asset Management LLC lowered its holdings in shares of Sysco Co. (NYSE:SYY) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,699 shares of the company’s stock after selling 9,876 shares during the quarter. River Road Asset Management LLC’s holdings in Sysco were worth $13,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SYY. AdvisorNet Financial Inc lifted its position in Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Sysco by 74.6% in the third quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Sysco in the first quarter valued at $32,000. Tyler Stone Wealth Management purchased a new stake in shares of Sysco in the second quarter valued at $37,000. Finally, BluePath Capital Management LLC purchased a new stake in shares of Sysco in the third quarter valued at $38,000. Institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Stephens raised their price target on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Barclays raised their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. BMO Capital Markets raised their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $85.38.

Sysco Trading Down 0.5 %

NYSE SYY opened at $75.44 on Thursday. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.80 and a current ratio of 1.37. The company has a market capitalization of $37.56 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The company’s 50-day simple moving average is $79.52 and its two-hundred day simple moving average is $74.23. Sysco Co. has a one year low of $62.24 and a one year high of $82.89.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Equities analysts forecast that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s dividend payout ratio is currently 48.90%.

Insider Activity

In other news, CAO Neil Russell sold 1,722 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the sale, the chief accounting officer now directly owns 24,082 shares in the company, valued at approximately $1,926,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.58% of the company’s stock.

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.