Crewe Advisors LLC Decreases Position in Sysco Co. (NYSE:SYY)

Crewe Advisors LLC lessened its holdings in Sysco Co. (NYSE:SYY) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,185 shares of the company’s stock after selling 301 shares during the quarter. Crewe Advisors LLC’s holdings in Sysco were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. increased its position in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after acquiring an additional 310 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Sysco in the third quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco in the third quarter valued at about $31,000. Focused Wealth Management Inc purchased a new position in shares of Sysco in the third quarter valued at about $37,000. Finally, Canoe Financial LP purchased a new position in shares of Sysco in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.3 %

NYSE:SYY opened at $71.20 on Friday. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The company’s 50-day simple moving average is $76.00 and its 200 day simple moving average is $75.95. The firm has a market capitalization of $34.83 billion, a P/E ratio of 18.30, a PEG ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 firm earned $0.89 earnings per share. As a group, analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a $0.51 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.87%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,270 shares of company stock valued at $6,181,946. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of analyst reports. Guggenheim restated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Morgan Stanley cut their target price on shares of 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, Barclays cut their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

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.