Sysco Co. (NYSE:SYY) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC reduced its position in Sysco Co. (NYSE:SYY) by 30.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,024 shares of the company’s stock after selling 7,303 shares during the quarter. Schnieders Capital Management LLC’s holdings in Sysco were worth $1,245,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

SYY has been the topic of several recent analyst reports. Barclays increased their target price on Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. increased their price objective on Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. 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 report on Wednesday, January 31st. Finally, Stephens upped their price objective on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.38.

Sysco Trading Down 0.5 %

SYY stock traded down $0.38 on Tuesday, hitting $76.94. 2,129,608 shares of the company were exchanged, compared to its average volume of 2,916,517. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. The stock has a market capitalization of $38.30 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.15. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89. The business’s fifty day moving average is $79.29 and its two-hundred day moving average is $74.65.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the prior year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts forecast that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Announces Dividend

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

Insider Buying and Selling

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 directly owns 24,082 shares of the company’s stock, valued at $1,926,560. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.58% of the company’s stock.

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.