Sysco Co. (NYSE:SYY) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. lessened its stake in Sysco Co. (NYSE:SYY) by 88.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,750 shares of the company’s stock after selling 66,225 shares during the period. Telos Capital Management Inc.’s holdings in Sysco were worth $669,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated acquired a new position in Sysco in the 4th quarter valued at about $328,000. Bleakley Financial Group LLC increased its position in Sysco by 8.8% in the 4th quarter. Bleakley Financial Group LLC now owns 13,186 shares of the company’s stock valued at $1,008,000 after acquiring an additional 1,062 shares during the period. YANKCOM Partnership acquired a new position in Sysco in the 4th quarter valued at about $69,000. Econ Financial Services Corp acquired a new position in Sysco in the 4th quarter valued at about $1,179,000. Finally, Choreo LLC increased its position in Sysco by 2.8% in the 4th quarter. Choreo LLC now owns 20,630 shares of the company’s stock valued at $1,576,000 after acquiring an additional 570 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at $966,831.65. This represents a 18.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 79,270 shares of company stock worth $6,181,946. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SYY shares. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Truist Financial lowered their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Jefferies Financial Group lifted their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Sysco Price Performance

SYY stock opened at $71.20 on Friday. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The stock’s 50 day moving average price is $76.00 and its 200 day moving average price is $75.95. The firm has a market cap of $34.83 billion, a P/E ratio of 18.30, a PEG ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last issued its quarterly earnings results 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 return on equity of 106.30% and a net margin of 2.40%. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.87%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

About Sysco

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.