Sysco Co. (NYSE:SYY) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC lowered its stake in shares of Sysco Co. (NYSE:SYY) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,430 shares of the company’s stock after selling 573 shares during the period. Fourpath Capital Management LLC’s holdings in Sysco were worth $1,791,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Holistic Planning LLC purchased a new stake in shares of Sysco in the fourth quarter valued at about $201,000. Boston Trust Walden Corp boosted its holdings in Sysco by 179.5% in the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company’s stock valued at $61,500,000 after purchasing an additional 516,585 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in shares of Sysco in the 4th quarter valued at approximately $348,000. S.A. Mason LLC increased its holdings in shares of Sysco by 10.7% during the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after buying an additional 150 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its position in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after buying an additional 321 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on SYY shares. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Barclays lowered their price target on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Morgan Stanley lowered their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group reduced their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.85.

Insiders Place Their Bets

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold 79,270 shares of company stock valued at $6,181,946 in the last ninety days. Insiders own 0.54% of the company’s stock.

Sysco Trading Down 0.8 %

NYSE:SYY opened at $72.31 on Tuesday. The stock has a fifty day moving average price of $76.30 and a 200 day moving average price of $76.02. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The firm has a market cap of $35.38 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Sell-side analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, January 3rd. Sysco’s dividend payout ratio is presently 52.44%.

About Sysco

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.