Winthrop Advisory Group LLC Sells 148 Shares of Sysco Co. (NYSE:SYY)

Winthrop Advisory Group LLC decreased its holdings in Sysco Co. (NYSE:SYY) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,975 shares of the company’s stock after selling 148 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Sysco were worth $304,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Clark & Stuart Inc bought a new position in Sysco in the 4th quarter valued at $7,613,000. Czech National Bank raised its position in Sysco by 6.3% in the 4th quarter. Czech National Bank now owns 106,508 shares of the company’s stock valued at $8,144,000 after purchasing an additional 6,332 shares during the last quarter. Hilltop National Bank raised its position in shares of Sysco by 10.0% during the fourth quarter. Hilltop National Bank now owns 2,269 shares of the company’s stock worth $173,000 after acquiring an additional 207 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Sysco by 78.4% during the fourth quarter. ST Germain D J Co. Inc. now owns 3,640 shares of the company’s stock worth $278,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Sysco by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 162,944 shares of the company’s stock worth $12,720,000 after acquiring an additional 785 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the company’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 value of $3,698,079.00. Following the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,306 shares of company stock worth $6,485,050. Corporate insiders own 0.54% of the company’s stock.

Sysco Stock Up 0.4 %

Shares of Sysco stock traded up $0.31 during trading on Monday, reaching $73.90. The stock had a trading volume of 182,772 shares, compared to its average volume of 1,639,392. The company has a market capitalization of $36.30 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.10 and a beta of 1.18. The stock has a fifty day moving average price of $77.02 and a two-hundred day moving average price of $75.75. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the company posted $1.07 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.76%. Sysco’s payout ratio is presently 52.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SYY shares. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price for the company. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus price target of $85.93.

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.