Bank of New Hampshire Lowers Stock Holdings in Sysco Co. (NYSE:SYY)

Bank of New Hampshire lessened its position in Sysco Co. (NYSE:SYY) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,590 shares of the company’s stock after selling 750 shares during the quarter. Bank of New Hampshire’s holdings in Sysco were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SYY. TD Asset Management Inc grew its stake in Sysco by 3.3% during the 2nd quarter. TD Asset Management Inc now owns 183,372 shares of the company’s stock worth $13,091,000 after purchasing an additional 5,810 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Sysco by 1.6% during the second quarter. Victory Capital Management Inc. now owns 450,989 shares of the company’s stock worth $32,196,000 after buying an additional 6,998 shares during the period. Private Advisor Group LLC raised its holdings in Sysco by 6.3% in the second quarter. Private Advisor Group LLC now owns 37,895 shares of the company’s stock valued at $2,705,000 after acquiring an additional 2,232 shares in the last quarter. Candriam S.C.A. grew its holdings in Sysco by 10.1% during the 2nd quarter. Candriam S.C.A. now owns 52,093 shares of the company’s stock worth $3,719,000 after acquiring an additional 4,759 shares in the last quarter. Finally, Asset Dedication LLC increased its position in shares of Sysco by 19.1% in the 2nd quarter. Asset Dedication LLC now owns 1,307 shares of the company’s stock valued at $93,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Jefferies Financial Group raised their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.93.

Insider Transactions at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. This trade represents a 26.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction that occurred on 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 directly owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 83,306 shares of company stock valued at $6,485,050. Corporate insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.1 %

SYY opened at $74.65 on Wednesday. The business has a 50 day moving average price of $77.04 and a two-hundred day moving average price of $75.74. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a market cap of $36.67 billion, a PE ratio of 19.19, a P/E/G ratio of 2.10 and a beta of 1.18. 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 posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. During the same quarter last year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s dividend payout ratio is presently 52.44%.

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.