JB Capital LLC Trims Stock Holdings in Sysco Co. (NYSE:SYY)

JB Capital LLC lowered its holdings in Sysco Co. (NYSE:SYY) by 20.6% in the third quarter, HoldingsChannel reports. The firm owned 2,689 shares of the company’s stock after selling 699 shares during the period. JB Capital LLC’s holdings in Sysco were worth $210,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Plimoth Trust Co. LLC raised its position in shares of Sysco by 0.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock worth $1,610,000 after purchasing an additional 139 shares during the period. Meeder Advisory Services Inc. boosted its stake in shares of Sysco by 1.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,362 shares of the company’s stock worth $679,000 after acquiring an additional 141 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Sysco by 3.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after acquiring an additional 146 shares in the last quarter. NorthRock Partners LLC boosted its stake in shares of Sysco by 3.7% during the 1st quarter. NorthRock Partners LLC now owns 4,121 shares of the company’s stock worth $335,000 after acquiring an additional 147 shares in the last quarter. Finally, Powers Advisory Group LLC boosted its position in shares of Sysco by 1.6% in the second quarter. Powers Advisory Group LLC now owns 9,555 shares of the company’s stock worth $682,000 after buying an additional 149 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.2 %

Sysco stock opened at $76.87 on Friday. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The business’s 50-day simple moving average is $76.17 and its 200-day simple moving average is $74.74. The firm has a market capitalization of $37.76 billion, a PE ratio of 19.76, a PEG ratio of 2.02 and a beta of 1.20. Sysco Co. has a 52 week low of $66.27 and a 52 week high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 4th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Friday, October 4th. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Wall Street Analysts Forecast Growth

SYY has been the subject of several recent analyst reports. Barclays raised their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group raised their target price on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley cut their price objective on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.77.

Insider Buying and Selling

In related news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Sysco Company 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.