Avantax Advisory Services Inc. Sells 5,191 Shares of Sysco Co. (NYSE:SYY)

Avantax Advisory Services Inc. trimmed its position in shares of Sysco Co. (NYSE:SYY) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,267 shares of the company’s stock after selling 5,191 shares during the period. Avantax Advisory Services Inc.’s holdings in Sysco were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SYY. Fortem Financial Group LLC boosted its position in shares of Sysco by 3.6% during the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock valued at $296,000 after purchasing an additional 136 shares in the last quarter. Morton Community Bank boosted its holdings in shares of Sysco by 0.4% during the 4th quarter. Morton Community Bank now owns 40,585 shares of the company’s stock valued at $3,103,000 after buying an additional 145 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after buying an additional 149 shares during the period. S.A. Mason LLC increased its stake in shares of Sysco by 10.7% in the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after acquiring an additional 150 shares in the last quarter. Finally, HM Payson & Co. lifted its position in Sysco by 0.8% during the 4th quarter. HM Payson & Co. now owns 19,160 shares of the company’s stock valued at $1,465,000 after acquiring an additional 150 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.54% of the company’s stock.

Sysco Price Performance

Shares of SYY opened at $74.78 on Tuesday. The firm has a market cap of $36.58 billion, a PE ratio of 19.22, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The firm has a fifty day simple moving average of $73.28 and a two-hundred day simple moving average of $75.49.

Sysco (NYSE:SYY) last announced 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 return on equity of 106.30% and a net margin of 2.40%. During the same period in the previous year, the business earned $0.89 EPS. On average, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.73%. Sysco’s dividend payout ratio is currently 52.44%.

Analyst Ratings Changes

A number of equities analysts have weighed in on SYY shares. UBS Group decreased their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Melius assumed coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Truist Financial cut their target price on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group lifted their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Four 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

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.