Livforsakringsbolaget Skandia Omsesidigt Decreases Holdings in Sysco Co. (NYSE:SYY)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Sysco Co. (NYSE:SYY) by 14.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,424 shares of the company’s stock after selling 600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sysco were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AMF Tjanstepension AB boosted its holdings in Sysco by 185.5% in the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after acquiring an additional 20,356 shares during the period. Czech National Bank lifted its position in shares of Sysco by 5.6% during the third quarter. Czech National Bank now owns 100,176 shares of the company’s stock worth $7,820,000 after purchasing an additional 5,281 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Sysco in the third quarter valued at $209,000. Brookstone Capital Management grew its holdings in Sysco by 7.9% during the 3rd quarter. Brookstone Capital Management now owns 15,136 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Tobam purchased a new stake in Sysco during the 3rd quarter worth $81,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Barclays lowered their price objective on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company cut their target price on 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 raised 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 shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. This trade 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 valued at $6,181,946 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.2 %

NYSE:SYY opened at $71.13 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The stock has a 50 day moving average of $75.90 and a 200-day moving average of $75.92. The firm has a market capitalization of $34.80 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

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

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were given a $0.51 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.87%. Sysco’s dividend payout ratio is presently 52.44%.

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.