Quantum Financial Advisors LLC Has $238,000 Stake in Sysco Co. (NYSE:SYY)

Quantum Financial Advisors LLC lowered its stake in shares of Sysco Co. (NYSE:SYY) by 5.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,113 shares of the company’s stock after selling 184 shares during the period. Quantum Financial Advisors LLC’s holdings in Sysco were worth $238,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Fortem Financial Group LLC increased its stake in 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 acquiring an additional 136 shares during the period. Koshinski Asset Management Inc. increased its position in shares of 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 during the period. Cable Hill Partners LLC increased its position 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 period. Capstone Triton Financial Group LLC lifted 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 purchasing an additional 175 shares during the period. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its position in 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 purchasing an additional 178 shares during the period. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the firm’s 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 $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction dated Wednesday, December 4th. The stock was 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 owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,306 shares of company stock worth $6,485,050. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SYY shares. JPMorgan Chase & Co. boosted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target for the company. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company decreased their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $85.93.

Sysco Stock Performance

Sysco stock opened at $73.71 on Tuesday. The stock has a 50-day simple moving average of $76.98 and a 200 day simple moving average of $75.76. The stock has a market capitalization of $36.21 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.10 and a beta of 1.18. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89.

Sysco (NYSE:SYY) last announced 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). 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 period in the prior year, the firm posted $1.07 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.77%. Sysco’s payout ratio is 52.44%.

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.