First Allied Advisory Services Inc. trimmed its position in shares of SYSCO Co. (NYSE:SYY) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,595 shares of the company’s stock after selling 1,026 shares during the quarter. First Allied Advisory Services Inc.’s holdings in SYSCO were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in SYY. Sontag Advisory LLC purchased a new position in SYSCO during the fourth quarter valued at approximately $25,000. Focused Wealth Management Inc grew its stake in SYSCO by 244.1% during the 4th quarter. Focused Wealth Management Inc now owns 468 shares of the company’s stock valued at $29,000 after acquiring an additional 332 shares in the last quarter. Athena Capital Advisors LLC purchased a new stake in shares of SYSCO in the 4th quarter valued at approximately $29,000. Murphy Pohlad Asset Management LLC purchased a new stake in shares of SYSCO in the 4th quarter valued at approximately $31,000. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of SYSCO in the 4th quarter valued at approximately $31,000. 80.19% of the stock is currently owned by institutional investors.
In other SYSCO news, EVP Robert S. Charlton sold 22,321 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $65.83, for a total transaction of $1,469,391.43. Following the transaction, the executive vice president now directly owns 61,460 shares of the company’s stock, valued at approximately $4,045,911.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Trian Fund Management, L.P. sold 707,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $66.30, for a total transaction of $46,874,100.00. The disclosure for this sale can be found here. Insiders sold a total of 789,477 shares of company stock worth $52,157,382 over the last ninety days. Insiders own 7.88% of the company’s stock.
SYSCO (NYSE:SYY) last posted its earnings results on Monday, February 4th. The company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The firm had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.75 billion. SYSCO had a net margin of 2.48% and a return on equity of 71.45%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS. As a group, sell-side analysts forecast that SYSCO Co. will post 3.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, April 4th. SYSCO’s dividend payout ratio (DPR) is 49.68%.
SYY has been the subject of several analyst reports. Zacks Investment Research raised shares of SYSCO from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Bank of America lowered shares of SYSCO from a “buy” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a report on Wednesday, January 16th. Pivotal Research restated a “sell” rating and issued a $54.00 price objective on shares of SYSCO in a report on Friday, February 1st. Finally, Loop Capital set a $75.00 price objective on shares of SYSCO and gave the company a “buy” rating in a report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $73.00.
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.
Read More: Special Dividends
Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.