Sysco Co. (NYSE:SYY) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its holdings in shares of Sysco Co. (NYSE:SYY) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 47,134 shares of the company’s stock after selling 441 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Sysco were worth $3,447,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc raised its stake in Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after acquiring an additional 159 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Sysco by 74.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $38,000. Milestone Investment Advisors LLC bought a new stake in shares of Sysco in the 3rd quarter worth approximately $40,000. Finally, AllSquare Wealth Management LLC acquired a new position in Sysco during the 3rd quarter valued at approximately $42,000. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total transaction of $137,760.00. Following the completion of the sale, the chief accounting officer now directly owns 24,082 shares of the company’s stock, valued at $1,926,560. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.58% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY traded down $0.22 during trading on Thursday, reaching $77.07. The company had a trading volume of 2,295,710 shares, compared to its average volume of 2,894,744. The firm’s fifty day moving average is $79.21 and its 200 day moving average is $74.68. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.80 and a current ratio of 1.37. The firm has a market capitalization of $38.37 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89.

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

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, April 4th. Sysco’s dividend payout ratio is presently 48.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. Barclays increased their price objective on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Stephens upped their target price on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets increased their price objective on Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $85.38.

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.