Northstar Advisory Group LLC Cuts Stock Holdings in Sysco Co. (NYSE:SYY)

Northstar Advisory Group LLC cut its position in shares of Sysco Co. (NYSE:SYY) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,337 shares of the company’s stock after selling 2,033 shares during the quarter. Sysco makes up 1.3% of Northstar Advisory Group LLC’s portfolio, making the stock its 25th largest holding. Northstar Advisory Group LLC’s holdings in Sysco were worth $2,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYY. Armstrong Advisory Group Inc. raised its position in Sysco by 1,240.0% during the third 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 period. Ashton Thomas Securities LLC purchased a new position in Sysco in the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. acquired a new stake in Sysco in the 3rd quarter worth about $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco during the third quarter valued at approximately $37,000. Finally, Fairscale Capital LLC purchased a new position in shares of Sysco in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Up 0.2 %

NYSE:SYY traded up $0.12 during trading hours on Monday, reaching $73.71. 2,518,657 shares of the stock were exchanged, compared to its average volume of 1,985,944. The business has a 50-day moving average of $77.02 and a two-hundred day moving average of $75.75. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The company has a market capitalization of $36.21 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.10 and a beta of 1.18.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). The business had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. On average, equities analysts predict that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a $0.51 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.77%. Sysco’s payout ratio is 52.44%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SYY. Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lowered their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Melius started coverage on Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Finally, StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $85.93.

Insider Transactions at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 83,306 shares of company stock valued at $6,485,050. Insiders own 0.54% of the company’s stock.

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.