Sysco Co. (NYSE:SYY) Shares Sold by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC reduced its position in Sysco Co. (NYSE:SYY) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,598 shares of the company’s stock after selling 736 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Sysco were worth $336,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wealthfront Advisers LLC raised its position in Sysco by 263.4% in the third quarter. Wealthfront Advisers LLC now owns 34,007 shares of the company’s stock worth $2,246,000 after acquiring an additional 24,650 shares in the last quarter. Professional Advisory Services Inc. purchased a new position in Sysco in the fourth quarter worth $20,057,000. Harbour Trust & Investment Management Co purchased a new position in Sysco in the fourth quarter worth $4,623,000. Pacer Advisors Inc. raised its position in Sysco by 40.1% in the fourth quarter. Pacer Advisors Inc. now owns 82,239 shares of the company’s stock worth $6,014,000 after acquiring an additional 23,558 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC raised its position in Sysco by 161.7% in the third quarter. Sherbrooke Park Advisers LLC now owns 18,238 shares of the company’s stock worth $1,205,000 after acquiring an additional 11,269 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Up 0.3 %

NYSE:SYY traded up $0.21 during mid-day trading on Thursday, reaching $75.65. The company’s stock had a trading volume of 2,184,831 shares, compared to its average volume of 2,936,375. The company’s fifty day simple moving average is $79.52 and its two-hundred day simple moving average is $74.23. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89. The stock has a market cap of $37.66 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.55 and a beta of 1.15.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.32 billion. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. On average, equities analysts predict that Sysco Co. will post 4.3 EPS for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.64%. Sysco’s dividend payout ratio (DPR) is 48.90%.

Insider Transactions at Sysco

In related news, CAO Neil Russell sold 1,722 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total transaction of $137,760.00. Following the sale, the chief accounting officer now directly owns 24,082 shares in the company, valued at approximately $1,926,560. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

SYY has been the subject of a number of research analyst reports. Barclays raised their price target on Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised their price target on Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Stephens raised their price target on Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. BMO Capital Markets raised their price target on Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average target price of $85.38.

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.