Williams Financial LLC Sells 250 Shares of Sysco Co. (NYSE:SYY)

Williams Financial LLC decreased its holdings in Sysco Co. (NYSE:SYY) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,443 shares of the company’s stock after selling 250 shares during the period. Sysco makes up about 0.2% of Williams Financial LLC’s portfolio, making the stock its 12th biggest position. Williams Financial LLC’s holdings in Sysco were worth $263,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction that occurred on 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 owns 12,955 shares of the company’s stock, valued at $966,831.65. This represents a 18.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 21,844 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. This trade represents a 26.50 % 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 worth $6,181,946. 0.54% of the stock is currently owned by insiders.

Sysco Stock Performance

Sysco stock opened at $72.79 on Friday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89. The firm’s 50 day simple moving average is $76.36 and its 200 day simple moving average is $75.98. The company has a current ratio of 1.20, a quick ratio of 0.73 and a debt-to-equity ratio of 5.66. The firm has a market capitalization of $35.76 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.18.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 quarter last year, the company earned $0.89 earnings per share. As a group, analysts expect that Sysco Co. will post 4.57 earnings per share for the current fiscal 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 issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.80%. Sysco’s dividend payout ratio is currently 52.44%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Guggenheim reissued a “buy” rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday. UBS Group dropped their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays reduced their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $84.85.

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.