U.S. Capital Wealth Advisors LLC Sells 8,367 Shares of Sysco Co. (NYSE:SYY)

U.S. Capital Wealth Advisors LLC cut its holdings in Sysco Co. (NYSE:SYY) by 13.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,128 shares of the company’s stock after selling 8,367 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Sysco were worth $4,215,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp increased its stake in Sysco by 11.1% during the third quarter. State Street Corp now owns 27,294,612 shares of the company’s stock worth $2,130,617,000 after acquiring an additional 2,721,449 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Sysco during the 3rd quarter valued at approximately $137,900,000. Nordea Investment Management AB raised its holdings in Sysco by 52.3% during the 4th quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company’s stock valued at $208,666,000 after buying an additional 933,327 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Sysco by 11.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock worth $521,874,000 after buying an additional 672,940 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in Sysco during the third quarter worth $44,722,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Down 0.7 %

Shares of Sysco stock opened at $72.79 on Monday. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The stock has a market cap of $35.61 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.93 and a beta of 1.18. The firm’s 50-day moving average is $76.30 and its two-hundred day moving average is $76.01.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the prior year, the firm earned $0.89 EPS. As a group, research analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s payout ratio is 52.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SYY. Morgan Stanley reduced their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Truist Financial reduced their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. Finally, Jefferies Financial Group raised their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.85.

Insider Buying and Selling

In related news, Director Sheila Talton sold 2,900 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,270 shares of company stock worth $6,181,946 in the last three months. 0.54% of the stock is owned by insiders.

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.