Sawyer & Company Inc Has $4.57 Million Stock Position in Sysco Co. (NYSE:SYY)

Sawyer & Company Inc lessened its holdings in Sysco Co. (NYSE:SYY) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,781 shares of the company’s stock after selling 6,461 shares during the period. Sysco accounts for about 1.7% of Sawyer & Company Inc’s investment portfolio, making the stock its 19th biggest holding. Sawyer & Company Inc’s holdings in Sysco were worth $4,571,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Armstrong Advisory Group Inc. lifted its position in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Sysco during the third quarter worth approximately $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco in the 3rd quarter valued at $31,000. Focused Wealth Management Inc acquired a new stake in Sysco during the third quarter worth about $37,000. Finally, Fairscale Capital LLC bought a new position in Sysco during the second quarter valued at about $38,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Up 0.2 %

SYY opened at $74.09 on Thursday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89. The firm has a 50-day moving average price of $76.94 and a two-hundred day moving average price of $75.78. The stock has a market capitalization of $36.40 billion, a PE ratio of 19.05, a PEG ratio of 1.93 and a beta of 1.18. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. As a group, equities 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 issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.75%. Sysco’s dividend payout ratio is currently 52.44%.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the 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 transaction, the executive vice president now owns 56,304 shares of the company’s stock, 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 through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. 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. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.