Blue Bell Private Wealth Management LLC Sells 174 Shares of Sysco Co. (NYSE:SYY)

Blue Bell Private Wealth Management LLC decreased its stake in Sysco Co. (NYSE:SYY) by 15.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 975 shares of the company’s stock after selling 174 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Sysco were worth $75,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SYY. Ashton Thomas Securities LLC bought a new position in shares of Sysco during the third quarter valued at $26,000. Valley Wealth Managers Inc. bought a new position in shares of Sysco during the third quarter valued at $31,000. Stonebridge Financial Group LLC bought a new position in shares of Sysco during the fourth quarter valued at $31,000. Sherman Asset Management Inc. bought a new position in shares of Sysco during the fourth quarter valued at $31,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 1.9 %

SYY opened at $76.53 on Friday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. 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 company has a market cap of $37.44 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The company has a fifty day moving average price of $73.47 and a two-hundred day moving average price of $75.62.

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

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s payout ratio is presently 52.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and set a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. UBS Group dropped their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Melius began coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Jefferies Financial Group boosted their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.77.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently 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.