BSW Wealth Partners Has $515,000 Stock Holdings in Sysco Co. (NYSE:SYY)

BSW Wealth Partners reduced its stake in shares of Sysco Co. (NYSE:SYY) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,733 shares of the company’s stock after selling 196 shares during the quarter. BSW Wealth Partners’ holdings in Sysco were worth $515,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board raised its position in shares of Sysco by 87.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 19,187 shares of the company’s stock valued at $1,370,000 after buying an additional 8,940 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Sysco by 58.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 63,387 shares of the company’s stock worth $4,525,000 after purchasing an additional 23,321 shares during the last quarter. Quarry LP boosted its holdings in shares of Sysco by 260.7% in the 2nd quarter. Quarry LP now owns 1,248 shares of the company’s stock valued at $89,000 after purchasing an additional 902 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Sysco by 18.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,926 shares of the company’s stock valued at $709,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Sysco by 2.7% during the 2nd quarter. Cetera Investment Advisers now owns 292,770 shares of the company’s stock worth $20,901,000 after buying an additional 7,758 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,306 shares of company stock valued at $6,485,050. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Performance

NYSE:SYY opened at $71.96 on Thursday. The company has a market capitalization of $35.35 billion, a PE ratio of 18.50, a P/E/G ratio of 2.04 and a beta of 1.18. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89. 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 company has a 50 day simple moving average of $76.43 and a two-hundred day simple moving average of $76.03.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (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 earned $0.89 EPS. Research analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.83%. Sysco’s payout ratio is currently 52.44%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SYY. Morgan Stanley reduced their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays reduced their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday. Guggenheim reissued a “buy” rating and issued a $85.00 price objective on shares of Sysco in a research note on Wednesday. Jefferies Financial Group boosted their target price 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 downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday. Four equities 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, the company has a consensus rating of “Moderate Buy” and an average price target of $85.21.

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.