Woodstock Corp Grows Stock Position in Sysco Co. (NYSE:SYY)

Woodstock Corp increased its holdings in Sysco Co. (NYSE:SYY) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,211 shares of the company’s stock after buying an additional 1,616 shares during the quarter. Woodstock Corp’s holdings in Sysco were worth $6,056,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Fortem Financial Group LLC boosted its stake in shares of Sysco by 3.6% during the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after acquiring an additional 136 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Sysco by 3.1% during the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after purchasing an additional 146 shares in the last quarter. Cable Hill Partners LLC grew its holdings in 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 period. Capstone Triton Financial Group LLC increased its position in Sysco by 1.4% in the second quarter. Capstone Triton Financial Group LLC now owns 12,691 shares of the company’s stock worth $906,000 after buying an additional 175 shares in the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its stake in shares of Sysco by 1.1% in the second quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 17,045 shares of the company’s stock worth $1,217,000 after buying an additional 178 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 21,844 shares of Sysco 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 completion of the transaction, the executive vice president now owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. This trade represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SYY shares. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Melius started coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Finally, Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.93.

Sysco Stock Performance

NYSE SYY opened at $73.17 on Friday. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89. The business has a 50 day simple moving average of $76.88 and a two-hundred day simple moving average of $75.77. The stock has a market capitalization of $35.95 billion, a PE ratio of 18.81, a P/E/G ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The business had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. On average, research analysts predict that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a $0.51 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.79%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Sysco Company 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.