Sysco Co. (NYSE:SYY) Shares Sold by TIAA Trust National Association

TIAA Trust National Association cut its holdings in Sysco Co. (NYSE:SYYFree Report) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,377 shares of the company’s stock after selling 182 shares during the quarter. TIAA Trust National Association’s holdings in Sysco were worth $2,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SYY. AdvisorNet Financial Inc lifted its stake in Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake 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 acquiring an additional 179 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Sysco in the 1st quarter worth $32,000. CGC Financial Services LLC acquired a new stake in shares of Sysco during the second quarter worth $33,000. Finally, Intrepid Capital Management Inc. purchased a new stake in shares of Sysco during the second quarter valued at $35,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Down 0.2 %

Shares of Sysco stock opened at $80.43 on Wednesday. The stock has a 50-day moving average price of $79.90 and a 200 day moving average price of $73.56. The company has a market cap of $40.04 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.64 and a beta of 1.15. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89.

Sysco (NYSE:SYYGet Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the prior year, the firm posted $0.80 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s payout ratio is currently 48.90%.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on Sysco

Insiders Place Their Bets

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

About Sysco

(Free Report)

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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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