Woodmont Investment Counsel LLC Has $453,000 Holdings in Sysco Co. (NYSE:SYY)

Woodmont Investment Counsel LLC trimmed its position in Sysco Co. (NYSE:SYY) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,801 shares of the company’s stock after selling 471 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Sysco were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC bought a new stake in Sysco in the first quarter valued at about $434,000. Csenge Advisory Group raised its holdings in shares of Sysco by 9.3% in the 1st quarter. Csenge Advisory Group now owns 3,248 shares of the company’s stock worth $264,000 after buying an additional 276 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Sysco by 3.5% during the 1st quarter. Empirical Finance LLC now owns 18,264 shares of the company’s stock worth $1,483,000 after buying an additional 615 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Sysco by 43.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 62,295 shares of the company’s stock valued at $5,057,000 after buying an additional 18,749 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Sysco in the first quarter valued at $1,027,000. 83.41% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Down 0.2 %

Shares of NYSE SYY opened at $76.87 on Friday. Sysco Co. has a 1 year low of $66.27 and a 1 year high of $82.89. The firm’s 50-day moving average is $76.17 and its 200-day moving average is $74.74. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The firm has a market capitalization of $37.76 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The business 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%. Sysco’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. Equities analysts expect that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Friday, October 4th. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Barclays lifted their target price on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Bank of America decreased their price target on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Morgan Stanley cut their price objective on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.77.

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.