Sysco Co. (NYSE:SYY) Shares Sold by Trust Co of the South

Trust Co of the South decreased its holdings in shares of Sysco Co. (NYSE:SYY) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,707 shares of the company’s stock after selling 900 shares during the quarter. Trust Co of the South’s holdings in Sysco were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. boosted its position in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares during the period. Ashton Thomas Securities LLC acquired a new position in Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. purchased a new position in Sysco in the 3rd quarter worth approximately $31,000. Focused Wealth Management Inc acquired a new stake in Sysco in the third quarter valued at approximately $37,000. Finally, Fairscale Capital LLC acquired a new position in shares of Sysco during the second quarter worth $38,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction 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 transaction, the director now directly owns 12,955 shares in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly 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. Over the last three months, insiders have sold 35,279 shares of company stock worth $2,786,971. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SYY has been the topic of a number of recent analyst reports. Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Wells Fargo & Company reduced their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.93.

Sysco Price Performance

SYY stock traded down $0.75 during trading on Thursday, hitting $75.71. The company had a trading volume of 828,249 shares, compared to its average volume of 3,122,947. The business has a 50 day moving average of $76.98 and a 200 day moving average of $75.66. The firm has a market capitalization of $37.19 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 2.10 and a beta of 1.19. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The company had revenue of $20.48 billion for 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%. Sysco’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. As a group, research analysts predict that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, January 3rd. Sysco’s payout ratio is currently 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.