Fort Washington Investment Advisors Inc. OH Has $67.89 Million Position in Sysco Co. (NYSE:SYY)

Fort Washington Investment Advisors Inc. OH increased its holdings in Sysco Co. (NYSE:SYY) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 887,855 shares of the company’s stock after purchasing an additional 114,804 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.18% of Sysco worth $67,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. raised its holdings in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Sysco during the third quarter worth $26,000. Valley Wealth Managers Inc. bought a new position in shares of Sysco during the third quarter valued at $31,000. Focused Wealth Management Inc acquired a new stake in shares of Sysco in the 3rd quarter valued at $37,000. Finally, Canoe Financial LP bought a new stake in shares of Sysco in the 3rd quarter worth about $38,000. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of SYY stock opened at $73.47 on Wednesday. The firm’s 50 day moving average price is $76.62 and its two-hundred day moving average price is $75.87. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.89. The stock has a market cap of $36.09 billion, a PE ratio of 18.89, a PEG ratio of 2.03 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 (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s payout ratio is 52.44%.

Wall Street Analyst Weigh In

SYY has been the subject of several analyst reports. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Melius began coverage on Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.79.

Insider Buying and Selling

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,638,670.10. The trade was a 7.69 % 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 Sysco stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,306 shares of company stock valued at $6,485,050 in the last 90 days. 0.54% of the stock is owned by insiders.

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.