Stanley Laman Group Ltd. Has $3.50 Million Position in Sysco Co. (NYSE:SYY)

Stanley Laman Group Ltd. lowered its position in shares of Sysco Co. (NYSE:SYY) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,799 shares of the company’s stock after selling 1,862 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Sysco were worth $3,502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. acquired a new position in Sysco during the fourth quarter valued at approximately $52,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sysco during the fourth quarter valued at approximately $331,000. Avion Wealth boosted its holdings in shares of Sysco by 7.8% in the fourth quarter. Avion Wealth now owns 4,791 shares of the company’s stock valued at $366,000 after buying an additional 345 shares during the period. Jmac Enterprises LLC acquired a new position in shares of Sysco in the fourth quarter valued at approximately $210,000. Finally, Kentucky Trust Co acquired a new position in shares of Sysco in the fourth quarter valued at approximately $859,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Shares of SYY opened at $70.16 on Thursday. The firm has a market capitalization of $34.32 billion, a PE ratio of 18.04, a PEG ratio of 1.88 and a beta of 1.17. The company’s 50-day moving average is $75.47 and its 200-day moving average is $75.93. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last issued its quarterly earnings data 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 net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the firm earned $0.89 EPS. Equities analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, January 3rd. Sysco’s payout ratio is presently 52.44%.

Insider Activity

In related news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,270 shares of company stock valued at $6,181,946 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYY. Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley reduced their price target on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group upped 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. Guggenheim reissued a “buy” rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Finally, Melius assumed coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.38.

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.