Gilman Hill Asset Management LLC Acquires 391 Shares of Sysco Co. (NYSE:SYY)

Gilman Hill Asset Management LLC boosted its holdings in Sysco Co. (NYSE:SYY) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,697 shares of the company’s stock after purchasing an additional 391 shares during the period. Gilman Hill Asset Management LLC’s holdings in Sysco were worth $4,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust boosted its holdings in Sysco by 27.3% in the 4th quarter. Grove Bank & Trust now owns 11,343 shares of the company’s stock valued at $867,000 after purchasing an additional 2,433 shares during the period. Liberty One Investment Management LLC lifted its stake in shares of Sysco by 1.3% in the fourth quarter. Liberty One Investment Management LLC now owns 326,240 shares of the company’s stock valued at $24,944,000 after buying an additional 4,043 shares during the period. Clarius Group LLC grew its position in Sysco by 68.0% during the fourth quarter. Clarius Group LLC now owns 6,530 shares of the company’s stock worth $499,000 after buying an additional 2,643 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in Sysco by 42.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 5,327 shares of the company’s stock valued at $407,000 after acquiring an additional 1,596 shares during the period. Finally, Astoria Portfolio Advisors LLC. acquired a new position in Sysco in the 4th quarter valued at approximately $222,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of research reports. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Melius Research upgraded shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their target price 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. Jefferies Financial Group increased their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus price target of $85.93.

Sysco Trading Down 0.3 %

SYY opened at $73.02 on Monday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89. The firm has a 50-day moving average price of $76.72 and a two-hundred day moving average price of $75.81. The stock has a market capitalization of $35.87 billion, a PE ratio of 18.77, a PEG ratio of 1.93 and a beta of 1.18. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38.

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

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be given a $0.51 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.79%. Sysco’s payout ratio is 52.44%.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value 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 represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,306 shares of company stock worth $6,485,050. Company insiders own 0.54% 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.