National Bank of Canada FI Sells 19,951 Shares of Sysco Co. (NYSE:SYY)

National Bank of Canada FI lessened its holdings in shares of Sysco Co. (NYSE:SYY) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,593 shares of the company’s stock after selling 19,951 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Sysco worth $21,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. HighPoint Advisor Group LLC raised its holdings in Sysco by 2.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 10,096 shares of the company’s stock worth $712,000 after purchasing an additional 210 shares in the last quarter. Franklin Resources Inc. raised its stake in Sysco by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 643,784 shares of the company’s stock worth $49,224,000 after buying an additional 71,626 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in Sysco by 16.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 65,022 shares of the company’s stock worth $4,972,000 after buying an additional 9,344 shares during the period. Boston Research & Management Inc. grew its holdings in shares of Sysco by 4.6% during the 4th quarter. Boston Research & Management Inc. now owns 66,529 shares of the company’s stock worth $5,086,000 after acquiring an additional 2,949 shares during the period. Finally, Summit Financial LLC raised its position in shares of Sysco by 166.6% in the 4th quarter. Summit Financial LLC now owns 8,788 shares of the company’s stock worth $672,000 after acquiring an additional 5,492 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $75.27 on Friday. The firm’s 50 day moving average price is $73.14 and its 200-day moving average price is $75.10. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The stock has a market capitalization of $36.82 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.23.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting 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 quarter in the previous year, the firm posted $0.89 EPS. Equities research analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s payout ratio is 52.44%.

Wall Street Analysts Forecast Growth

SYY has been the topic of several recent research reports. Wells Fargo & Company upped their price target on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. 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. Finally, Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.77.

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.