Chicago Equity Partners LLC decreased its stake in SYSCO Co. (NYSE:SYY) by 20.6% during the 4th quarter, Holdings Channel reports. The fund owned 101,115 shares of the company’s stock after selling 26,305 shares during the period. Chicago Equity Partners LLC’s holdings in SYSCO were worth $6,336,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in SYY. Capital Investment Advisory Services LLC acquired a new stake in SYSCO during the fourth quarter worth $123,000. Roman Butler Fullerton & Co. acquired a new stake in SYSCO during the fourth quarter worth $411,000. Isthmus Partners LLC boosted its stake in SYSCO by 0.6% during the fourth quarter. Isthmus Partners LLC now owns 119,416 shares of the company’s stock worth $7,483,000 after buying an additional 720 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in SYSCO during the fourth quarter worth $81,000. Finally, Financial Gravity Companies Inc. acquired a new stake in SYSCO during the fourth quarter worth $51,000. Institutional investors and hedge funds own 78.77% of the company’s stock.
Shares of NYSE SYY opened at $66.20 on Monday. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 1.89 and a beta of 0.53. SYSCO Co. has a 52-week low of $56.77 and a 52-week high of $75.98. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.25 and a quick ratio of 0.80.
SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, February 4th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The company had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $14.75 billion. SYSCO had a return on equity of 71.45% and a net margin of 2.48%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.78 earnings per share. As a group, sell-side analysts predict that SYSCO Co. will post 3.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 4th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from SYSCO’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, January 3rd. SYSCO’s payout ratio is currently 49.68%.
A number of research firms have weighed in on SYY. Zacks Investment Research upgraded shares of SYSCO from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Loop Capital set a $75.00 price target on shares of SYSCO and gave the stock a “buy” rating in a research note on Tuesday, February 5th. ValuEngine downgraded shares of SYSCO from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, Pivotal Research reiterated a “sell” rating and set a $54.00 price target on shares of SYSCO in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $72.92.
In related news, EVP Robert S. Charlton sold 22,321 shares of SYSCO stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $65.83, for a total value of $1,469,391.43. Following the completion of the sale, the executive vice president now directly owns 61,460 shares in the company, valued at $4,045,911.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Trian Fund Management, L.P. sold 2,215,532 shares of SYSCO stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $66.45, for a total value of $147,222,101.40. Following the completion of the sale, the director now owns 7,055 shares of the company’s stock, valued at $468,804.75. The disclosure for this sale can be found here. Insiders sold 3,827,484 shares of company stock valued at $254,213,821 over the last ninety days. 7.88% of the stock is currently owned by company insiders.
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.
See Also: Fundamental Analysis and Choosing Stocks
Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SYSCO Co. (NYSE:SYY).
Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.