Romano Brothers AND Company Has $605,000 Holdings in Sysco Co. (NYSE:SYY)

Romano Brothers AND Company decreased its position in shares of Sysco Co. (NYSE:SYY) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,908 shares of the company’s stock after selling 275 shares during the period. Romano Brothers AND Company’s holdings in Sysco were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SYY. Renaissance Technologies LLC increased its stake in shares of Sysco by 39.2% in the second quarter. Renaissance Technologies LLC now owns 160,182 shares of the company’s stock valued at $11,435,000 after buying an additional 45,082 shares in the last quarter. Intech Investment Management LLC increased its position in Sysco by 362.2% in the 2nd quarter. Intech Investment Management LLC now owns 14,244 shares of the company’s stock valued at $1,017,000 after acquiring an additional 11,162 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Sysco by 19.2% during the second quarter. AE Wealth Management LLC now owns 14,879 shares of the company’s stock worth $1,062,000 after purchasing an additional 2,399 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Sysco by 0.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 100,523 shares of the company’s stock valued at $7,176,000 after purchasing an additional 810 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Sysco by 20.4% in the second quarter. Pacer Advisors Inc. now owns 79,944 shares of the company’s stock valued at $5,707,000 after purchasing an additional 13,525 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SYY has been the topic of several research reports. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Melius started coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Wells Fargo & Company reduced their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.93.

Sysco Trading Down 0.3 %

Shares of NYSE:SYY opened at $73.02 on Monday. The firm has a market cap of $35.87 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.93 and a beta of 1.18. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company’s fifty day simple moving average is $76.72 and its 200 day simple moving average is $75.81. 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 (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. As a group, research analysts forecast that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the sale, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,306 shares of company stock valued at $6,485,050 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.