Lynch & Associates IN Trims Holdings in Sysco Co. (NYSE:SYY)

Lynch & Associates IN decreased its holdings in shares of Sysco Co. (NYSE:SYY) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 61,464 shares of the company’s stock after selling 715 shares during the quarter. Lynch & Associates IN’s holdings in Sysco were worth $4,700,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. lifted its position in Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after acquiring an additional 310 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco during the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco during the third quarter valued at approximately $31,000. Focused Wealth Management Inc purchased a new position in shares of Sysco in the 3rd quarter worth $37,000. Finally, Fairscale Capital LLC bought a new position in shares of Sysco in the 2nd quarter worth approximately $38,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on SYY. Melius started coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company dropped their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.93.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is owned by company insiders.

Sysco Stock Down 1.6 %

Shares of SYY stock traded down $1.19 during trading hours on Friday, reaching $73.66. 2,456,359 shares of the company’s stock were exchanged, compared to its average volume of 1,894,474. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89. The stock’s 50 day moving average is $77.05 and its 200-day moving average is $75.73. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The company has a market cap of $36.18 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 2.10 and a beta of 1.18.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. During the same quarter in the previous year, the business earned $1.07 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared 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 2.77%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Sysco 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.