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

First Command Advisory Services Inc. trimmed its stake in shares of Sysco Co. (NYSE:SYY) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,539 shares of the company’s stock after selling 509 shares during the period. First Command Advisory Services Inc.’s holdings in Sysco were worth $118,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Fortem Financial Group LLC lifted its holdings 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 during the last quarter. S.A. Mason LLC lifted its holdings in shares of Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock valued at $118,000 after purchasing an additional 150 shares during the last quarter. Cable Hill Partners LLC lifted its holdings in shares of Sysco by 3.9% during the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock valued at $316,000 after purchasing an additional 152 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Sysco by 12.3% during the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock valued at $108,000 after purchasing an additional 154 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Sysco by 5.0% during the fourth quarter. Howard Capital Management Inc. now owns 3,370 shares of the company’s stock valued at $258,000 after purchasing an additional 162 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on SYY shares. Wells Fargo & Company upped their target price on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group decreased their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised their price objective 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 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average target price of $84.77.

Sysco Stock Up 0.6 %

SYY opened at $74.68 on Friday. The business has a 50-day moving average of $73.69 and a 200-day moving average of $75.64. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The company has a market capitalization of $36.54 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates 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 prior year, the business posted $0.89 EPS. Equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.73%. Sysco’s payout ratio is 52.44%.

Insider Activity at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at $4,846,480. This trade represents a 26.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $519,920.00. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company’s stock.

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.