Capital Investment Advisory Services LLC Sells 256 Shares of Sysco Co. (NYSE:SYY)

Capital Investment Advisory Services LLC trimmed its stake in Sysco Co. (NYSE:SYY) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,084 shares of the company’s stock after selling 256 shares during the period. Capital Investment Advisory Services LLC’s holdings in Sysco were worth $445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SYY. AdvisorNet Financial Inc lifted its position in shares of Sysco by 74.0% in the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after purchasing an additional 159 shares during the period. Hexagon Capital Partners LLC lifted its position in Sysco by 74.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the period. BluePath Capital Management LLC purchased a new position in Sysco during the 3rd quarter valued at about $38,000. Milestone Investment Advisors LLC purchased a new position in Sysco during the 3rd quarter valued at about $40,000. Finally, AllSquare Wealth Management LLC purchased a new position in Sysco during the 3rd quarter valued at about $42,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of Sysco stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the transaction, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.58% of the company’s stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $76.94 on Wednesday. The firm has a 50 day moving average of $79.29 and a 200 day moving average of $74.65. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00. The firm has a market capitalization of $38.30 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, April 4th. Sysco’s dividend payout ratio is currently 48.90%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Barclays lifted their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Stephens lifted their price target on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, BMO Capital Markets lifted their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.38.

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.