McElhenny Sheffield Capital Management LLC Sells 396 Shares of Sysco Co. (NYSE:SYY)

McElhenny Sheffield Capital Management LLC lessened its stake in shares of Sysco Co. (NYSE:SYY) by 6.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,226 shares of the company’s stock after selling 396 shares during the period. McElhenny Sheffield Capital Management LLC’s holdings in Sysco were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SYY. Fortem Financial Group LLC increased its position in shares of Sysco by 3.6% during the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after purchasing an additional 136 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Sysco by 3.1% during the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after buying an additional 146 shares in the last quarter. Cable Hill Partners LLC raised its stake in shares of Sysco by 3.9% in the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock valued at $316,000 after acquiring an additional 152 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Sysco by 12.3% in the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock valued at $108,000 after acquiring an additional 154 shares during the last quarter. Finally, Capstone Triton Financial Group LLC grew its position in Sysco by 1.4% during the 2nd quarter. Capstone Triton Financial Group LLC now owns 12,691 shares of the company’s stock worth $906,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of Sysco stock opened at $73.02 on Friday. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a market capitalization of $35.87 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.93 and a beta of 1.18. The firm has a fifty day moving average of $76.72 and a two-hundred day moving average of $75.77.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (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 the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. Sysco’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. As a group, equities research analysts predict that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.51 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.79%. Sysco’s dividend payout ratio is 52.44%.

Analyst Ratings Changes

SYY has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th. Melius began coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on shares of 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, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus target price of $85.93.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 21,844 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares in the company, 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. Insiders sold 83,306 shares of company stock valued at $6,485,050 in the last quarter. Company insiders own 0.54% of the company’s stock.

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.