Bell Rock Capital LLC decreased its position in shares of SYSCO Co. (NYSE:SYY) by 41.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 780 shares of the company’s stock after selling 544 shares during the period. Bell Rock Capital LLC’s holdings in SYSCO were worth $52,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sontag Advisory LLC acquired a new stake in shares of SYSCO during the fourth quarter worth approximately $25,000. Focused Wealth Management Inc increased its holdings in shares of SYSCO by 244.1% during the fourth quarter. Focused Wealth Management Inc now owns 468 shares of the company’s stock worth $29,000 after buying an additional 332 shares in the last quarter. Athena Capital Advisors LLC acquired a new stake in shares of SYSCO during the fourth quarter worth approximately $29,000. Valley National Advisers Inc. increased its holdings in shares of SYSCO by 60.5% during the fourth quarter. Valley National Advisers Inc. now owns 472 shares of the company’s stock worth $30,000 after buying an additional 178 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new stake in shares of SYSCO during the fourth quarter worth approximately $31,000. 80.19% of the stock is owned by institutional investors.

In other SYSCO news, Director Trian Fund Management, L.P. sold 707,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $66.30, for a total value of $46,874,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Russell T. Libby sold 60,156 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $63.40, for a total transaction of $3,813,890.40. Following the completion of the transaction, the insider now directly owns 62,597 shares in the company, valued at $3,968,649.80. The disclosure for this sale can be found here. Insiders have sold 789,477 shares of company stock worth $52,157,382 over the last three months. 7.88% of the stock is owned by insiders.

SYY has been the subject of several recent analyst reports. Bank of America lowered shares of SYSCO from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Wednesday, January 16th. Pivotal Research reaffirmed a “sell” rating and set a $54.00 price objective on shares of SYSCO in a report on Friday, February 1st. Loop Capital set a $75.00 price objective on shares of SYSCO and gave the stock a “buy” rating in a report on Friday, December 14th. Finally, Zacks Investment Research raised shares of SYSCO from a “sell” rating to a “hold” rating in a report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $73.00.

SYY opened at $66.96 on Wednesday. SYSCO Co. has a one year low of $59.44 and a one year high of $75.98. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 3.70. The company has a market cap of $34.53 billion, a PE ratio of 21.32, a P/E/G ratio of 1.92 and a beta of 0.54.

SYSCO (NYSE:SYY) last released its quarterly earnings results on Monday, February 4th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. SYSCO had a net margin of 2.48% and a return on equity of 71.45%. The business had revenue of $14.80 billion for the quarter, compared to analysts’ expectations of $14.75 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. SYSCO’s revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that SYSCO Co. will post 3.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.56 annualized dividend and a dividend yield of 2.33%. SYSCO’s dividend payout ratio (DPR) is currently 49.68%.

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SYSCO Company Profile

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.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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