S.A. Mason LLC Has $96,000 Holdings in Sysco Co. (NYSE:SYY)

S.A. Mason LLC cut its holdings in Sysco Co. (NYSE:SYY) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,318 shares of the company’s stock after selling 170 shares during the period. S.A. Mason LLC’s holdings in Sysco were worth $96,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SYY. Brinker Capital Investments LLC lifted its stake in shares of Sysco by 3.2% in the first quarter. Brinker Capital Investments LLC now owns 3,851 shares of the company’s stock valued at $314,000 after buying an additional 121 shares during the period. Geller Advisors LLC increased its position in shares of Sysco by 4.2% during the first quarter. Geller Advisors LLC now owns 3,362 shares of the company’s stock valued at $276,000 after purchasing an additional 136 shares during the period. Brasada Capital Management LP raised its stake in shares of Sysco by 0.7% in the second quarter. Brasada Capital Management LP now owns 22,837 shares of the company’s stock valued at $1,695,000 after purchasing an additional 148 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Sysco by 1.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,972 shares of the company’s stock worth $666,000 after purchasing an additional 153 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Sysco by 3.7% during the first quarter. Ancora Advisors LLC now owns 4,433 shares of the company’s stock worth $342,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Shares of SYY stock opened at $81.94 on Thursday. The firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.65 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00. The firm’s 50 day moving average is $79.42 and its 200-day moving average is $73.25. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. Sell-side analysts forecast that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s dividend payout ratio is presently 48.90%.

Insider Buying and Selling at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the sale, the chief accounting officer now directly owns 24,082 shares in the company, valued at $1,926,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SYY shares. Stephens raised their price objective on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. BMO Capital Markets lifted their price objective on Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. lifted their price objective on Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Finally, Barclays upped their target price on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.38.

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.