Thompson Investment Management Inc. Sells 467 Shares of Sysco Co. (NYSE:SYY)

Thompson Investment Management Inc. cut its stake in Sysco Co. (NYSE:SYY) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,952 shares of the company’s stock after selling 467 shares during the period. Thompson Investment Management Inc.’s holdings in Sysco were worth $302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its position in Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. bought a new stake in shares of Sysco during the third quarter valued at approximately $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco in the third quarter valued at $37,000. Finally, Canoe Financial LP bought a new position in Sysco in the third quarter worth $38,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

SYY stock opened at $71.13 on Monday. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The company has a market cap of $34.80 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The business’s fifty day moving average is $75.78 and its 200-day moving average is $75.92.

Sysco (NYSE:SYY) last released its 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 last year, the business earned $0.89 EPS. Equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Friday, January 3rd. Sysco’s dividend payout ratio is currently 52.44%.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were 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 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 Securities & Exchange Commission, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,270 shares of company stock valued at $6,181,946. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SYY. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley reduced their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.