Janney Capital Management LLC Has $2.02 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Janney Capital Management LLC lowered its stake in Sysco Co. (NYSE:SYY) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 26,437 shares of the company’s stock after selling 774 shares during the period. Janney Capital Management LLC’s holdings in Sysco were worth $2,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SYY. Intech Investment Management LLC raised its position in shares of Sysco by 362.2% in the 2nd quarter. Intech Investment Management LLC now owns 14,244 shares of the company’s stock valued at $1,017,000 after buying an additional 11,162 shares in the last quarter. AE Wealth Management LLC raised its position in Sysco by 19.2% during the second quarter. AE Wealth Management LLC now owns 14,879 shares of the company’s stock valued at $1,062,000 after purchasing an additional 2,399 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Sysco by 87.2% during the second quarter. Public Sector Pension Investment Board now owns 19,187 shares of the company’s stock worth $1,370,000 after purchasing an additional 8,940 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Sysco by 26.5% in the 2nd quarter. Bank of Montreal Can now owns 1,487,136 shares of the company’s stock valued at $110,732,000 after purchasing an additional 311,725 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Sysco by 58.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,353 shares of the company’s stock valued at $6,807,000 after purchasing an additional 35,135 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Down 0.1 %

Shares of NYSE:SYY opened at $73.41 on Thursday. The firm has a market cap of $36.06 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.05 and a beta of 1.18. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89. The business has a fifty day simple moving average of $76.54 and a 200 day simple moving average of $75.90. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (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 company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter last year, the business earned $1.07 earnings per share. Sysco’s revenue was up 4.4% compared to the same quarter last year. Analysts predict that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd 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, January 3rd. Sysco’s dividend payout ratio is currently 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 dated 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. This represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,306 shares of company stock worth $6,485,050 over the last three months. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on SYY shares. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Morgan Stanley dropped their price objective on shares of Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Melius began coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.79.

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.