Sysco Co. (NYSE:SYY) Shares Sold by Professional Advisory Services Inc.

Professional Advisory Services Inc. cut its position in Sysco Co. (NYSE:SYY) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 278,885 shares of the company’s stock after selling 6,288 shares during the period. Sysco makes up 2.9% of Professional Advisory Services Inc.’s holdings, making the stock its 15th largest position. Professional Advisory Services Inc.’s holdings in Sysco were worth $21,324,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its holdings in 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 purchasing an additional 310 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Sysco in the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the third quarter worth about $31,000. Focused Wealth Management Inc acquired a new stake in Sysco during the third quarter worth about $37,000. Finally, Canoe Financial LP purchased a new position in Sysco during the third quarter valued at approximately $38,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the company’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 value of $216,427.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is owned by corporate insiders.

Sysco Stock Down 0.3 %

NYSE SYY opened at $73.02 on Friday. Sysco Co. has a one year low of $69.03 and a one year high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The business has a fifty day moving average price of $76.80 and a 200 day moving average price of $75.75. The company has a market cap of $35.87 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). The business had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. Research analysts anticipate that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be issued a $0.51 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. Sysco’s dividend payout ratio is presently 52.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SYY shares. Jefferies Financial Group raised their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th. Melius initiated coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.93.

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.