Huntington National Bank Sells 8,405 Shares of Sysco Co. (NYSE:SYY)

Huntington National Bank cut its position in Sysco Co. (NYSE:SYY) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 219,487 shares of the company’s stock after selling 8,405 shares during the quarter. Huntington National Bank’s holdings in Sysco were worth $16,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Buckley Wealth Management LLC grew its stake in shares of Sysco by 0.8% during the fourth quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company’s stock worth $1,391,000 after acquiring an additional 150 shares during the last quarter. WR Wealth Planners LLC lifted its stake in Sysco by 9.9% during the 4th quarter. WR Wealth Planners LLC now owns 4,270 shares of the company’s stock valued at $326,000 after acquiring an additional 386 shares during the period. Clark & Stuart Inc acquired a new stake in shares of Sysco in the fourth quarter worth $7,613,000. Kovitz Investment Group Partners LLC raised its holdings in shares of Sysco by 76.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 135,362 shares of the company’s stock worth $10,256,000 after purchasing an additional 58,430 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in Sysco by 179.5% during the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company’s stock worth $61,500,000 after purchasing an additional 516,585 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Stock Performance

NYSE SYY opened at $75.28 on Thursday. 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 stock’s 50 day simple moving average is $73.11 and its 200-day simple moving average is $75.10. The company has a market cap of $36.83 billion, a PE ratio of 19.35, a price-to-earnings-growth 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 $82.23.

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 net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the firm posted $0.89 EPS. As a group, equities research analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. Sysco’s payout ratio is 52.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays lowered their target price on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Melius initiated coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on shares of Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Guggenheim restated a “buy” rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $84.77.

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.