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

Hummer Financial Advisory Services Inc trimmed its position in shares of Sysco Co. (NYSE:SYY) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,050 shares of the company’s stock after selling 400 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Sysco were worth $238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC raised its position in shares of Sysco by 60.0% during the 4th quarter. Virtu Financial LLC now owns 7,427 shares of the company’s stock worth $543,000 after buying an additional 2,786 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Sysco by 52.5% in the 4th quarter. Fisher Asset Management LLC now owns 8,084 shares of the company’s stock worth $591,000 after purchasing an additional 2,784 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Sysco in the 4th quarter worth approximately $123,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Sysco by 7.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 38,532 shares of the company’s stock worth $2,818,000 after purchasing an additional 2,564 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Sysco in the 4th quarter worth approximately $891,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of SYY stock traded down $0.13 during mid-day trading on Wednesday, reaching $75.43. The company’s stock had a trading volume of 745,040 shares, compared to its average volume of 3,151,101. Sysco Co. has a 1-year low of $64.16 and a 1-year high of $82.89. The company has a market cap of $37.56 billion, a P/E ratio of 18.44, a PEG ratio of 1.92 and a beta of 1.20. The company has a debt-to-equity ratio of 6.19, a quick ratio of 0.69 and a current ratio of 1.20. The firm’s 50-day moving average is $76.55 and its two-hundred day moving average is $74.95.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The company had revenue of $20.56 billion during the quarter, compared to analysts’ expectations of $20.51 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, research analysts predict that Sysco Co. will post 4.6 earnings per share for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, October 4th. Sysco’s payout ratio is 49.76%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SYY shares. Morgan Stanley lowered their price objective on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Barclays boosted their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group boosted their target price on shares of Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.08.

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.