Field & Main Bank Sells 170 Shares of Sysco Co. (NYSE:SYY)

Field & Main Bank trimmed its position in shares of Sysco Co. (NYSE:SYY) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,380 shares of the company’s stock after selling 170 shares during the period. Field & Main Bank’s holdings in Sysco were worth $488,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its stake in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares during the period. Ashton Thomas Securities LLC acquired a new position in Sysco during the third quarter worth $26,000. Valley Wealth Managers Inc. acquired a new stake in shares of Sysco in the 3rd quarter valued at $31,000. Focused Wealth Management Inc bought a new stake in shares of Sysco in the 3rd quarter worth about $37,000. Finally, Canoe Financial LP bought a new position in Sysco during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Down 0.1 %

Shares of SYY stock traded down $0.04 during trading hours on Wednesday, hitting $72.24. 507,436 shares of the company were exchanged, compared to its average volume of 3,021,207. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market cap of $35.49 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.04 and a beta of 1.18. The company has a 50 day simple moving average of $76.43 and a two-hundred day simple moving average of $76.03. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.44% and a return on equity of 101.04%. During the same period last year, the business posted $0.89 earnings per share. Equities analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a dividend of $0.51 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.82%. Sysco’s dividend payout ratio is presently 52.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYY. Wells Fargo & Company dropped their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Barclays reduced their price objective on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group lowered their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial decreased their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Melius Research upgraded Sysco to a “hold” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $85.36.

Insider Activity at Sysco

In other Sysco 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 sale, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. This trade represents a 18.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 directly owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % 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.

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.