Sysco Co. (NYSE:SYY) Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in shares of Sysco Co. (NYSE:SYY) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,036 shares of the company’s stock after selling 2,545 shares during the period. Sysco makes up about 0.7% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 26th largest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Sysco were worth $1,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SYY. Assetmark Inc. boosted its position in shares of Sysco by 18.6% during the third quarter. Assetmark Inc. now owns 1,230 shares of the company’s stock worth $96,000 after buying an additional 193 shares during the period. Covestor Ltd boosted its position in shares of Sysco by 26.7% during the third quarter. Covestor Ltd now owns 1,432 shares of the company’s stock worth $112,000 after buying an additional 302 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Sysco during the third quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its position in shares of Sysco by 9.0% during the third quarter. Venturi Wealth Management LLC now owns 4,449 shares of the company’s stock worth $347,000 after buying an additional 366 shares during the period. Finally, Harbour Investments Inc. boosted its position in shares of Sysco by 23.6% during the third quarter. Harbour Investments Inc. now owns 7,419 shares of the company’s stock worth $579,000 after buying an additional 1,416 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

NYSE SYY opened at $73.69 on Thursday. The stock has a market capitalization of $36.05 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The business’s fifty day moving average is $73.38 and its two-hundred day moving average is $75.56. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting 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 prior year, the company posted $0.89 EPS. On average, research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Insider Buying and Selling at Sysco

In other Sysco 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 transaction of $3,698,079.00. Following the sale, 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 hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their target price on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Morgan Stanley cut their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock 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.