Sysco Co. (NYSE:SYY) Holdings Decreased by RFG Advisory LLC

RFG Advisory LLC cut its position in shares of Sysco Co. (NYSE:SYY) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,391 shares of the company’s stock after selling 363 shares during the quarter. RFG Advisory LLC’s holdings in Sysco were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. boosted its holdings in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares during the period. Ashton Thomas Securities LLC bought a new position in Sysco in the third quarter worth about $26,000. Valley Wealth Managers Inc. acquired a new position in Sysco in the third quarter valued at approximately $31,000. Focused Wealth Management Inc bought a new position in shares of Sysco during the third quarter valued at approximately $37,000. Finally, Canoe Financial LP acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $38,000. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 5.9 %

Shares of Sysco stock opened at $72.35 on Wednesday. The business has a fifty day simple moving average of $76.47 and a 200-day simple moving average of $76.03. The firm has a market cap of $35.54 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth 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 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, January 28th. The company reported $0.93 earnings per share 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 quarter last year, the business posted $0.89 earnings per share. On average, equities analysts forecast that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a dividend of $0.51 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.82%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated 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 owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,306 shares of company stock valued at $6,485,050 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SYY. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday. Jefferies Financial Group upped their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, Morgan Stanley cut their price target on Sysco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.79.

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.