Sysco Co. (NYSE:SYY) Stock Holdings Lowered by First National Trust Co

First National Trust Co reduced its holdings in Sysco Co. (NYSE:SYY) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,157 shares of the company’s stock after selling 1,979 shares during the quarter. First National Trust Co’s holdings in Sysco were worth $2,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SYY. Ashton Thomas Securities LLC purchased a new position in shares of Sysco in the third quarter worth approximately $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco in the third quarter worth approximately $31,000. Stonebridge Financial Group LLC purchased a new position in shares of Sysco in the fourth quarter worth approximately $31,000. Sherman Asset Management Inc. purchased a new position in shares of Sysco in the fourth quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after acquiring an additional 149 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Performance

SYY stock opened at $73.35 on Friday. 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 company has a market capitalization of $35.89 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The firm has a 50 day moving average of $73.28 and a two-hundred day moving average of $75.52.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting 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 period in the previous year, the business earned $0.89 earnings per share. As a group, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s payout ratio is 52.44%.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SYY has been the topic of several analyst reports. Barclays dropped their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Melius began coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Finally, Morgan Stanley lowered their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.