Diversify Advisory Services LLC Has $911,000 Stock Holdings in Sysco Co. (NYSE:SYY)

Diversify Advisory Services LLC lowered its stake in Sysco Co. (NYSE:SYY) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,373 shares of the company’s stock after selling 2,039 shares during the period. Diversify Advisory Services LLC’s holdings in Sysco were worth $911,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages have recently commented on SYY. Melius initiated coverage on shares of Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company decreased their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.93.

Sysco Trading Down 0.3 %

SYY opened at $73.02 on Tuesday. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89. The firm has a market capitalization of $35.87 billion, a PE ratio of 18.77, a P/E/G ratio of 1.93 and a beta of 1.18. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The company’s 50-day moving average is $76.72 and its 200 day moving average is $75.85.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research 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 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,306 shares of company stock valued at $6,485,050. Corporate insiders own 0.54% of the company’s stock.

About Sysco

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.