Northstar Advisory Group LLC Sells 2,033 Shares of Sysco Co. (NYSE:SYY)

Northstar Advisory Group LLC cut its position in shares of Sysco Co. (NYSE:SYY) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,337 shares of the company’s stock after selling 2,033 shares during the period. Sysco makes up about 1.3% of Northstar Advisory Group LLC’s portfolio, making the stock its 25th biggest holding. Northstar Advisory Group LLC’s holdings in Sysco were worth $2,625,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Persium Advisors LLC purchased a new stake in shares of Sysco during the 4th quarter valued at about $503,000. Wedmont Private Capital increased its stake in Sysco by 19.3% during the fourth quarter. Wedmont Private Capital now owns 6,933 shares of the company’s stock worth $510,000 after acquiring an additional 1,123 shares during the last quarter. Agate Pass Investment Management LLC raised its position in Sysco by 10.7% during the fourth quarter. Agate Pass Investment Management LLC now owns 16,949 shares of the company’s stock valued at $1,296,000 after purchasing an additional 1,638 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of Sysco by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 11,365 shares of the company’s stock valued at $869,000 after purchasing an additional 213 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in shares of Sysco by 6.4% in the 4th quarter. Brookstone Capital Management now owns 16,101 shares of the company’s stock worth $1,231,000 after purchasing an additional 965 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SYY. Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lowered their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group upped 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. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th. Finally, Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.93.

Sysco Stock Up 0.2 %

SYY traded up $0.12 during trading on Monday, hitting $73.71. The stock had a trading volume of 2,518,657 shares, compared to its average volume of 1,985,944. The stock has a 50 day simple moving average of $77.02 and a two-hundred day simple moving average of $75.75. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The company has a market capitalization of $36.21 billion, a PE ratio of 18.95, a PEG ratio of 2.10 and a beta of 1.18.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). The business had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. On average, research analysts predict that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.77%. Sysco’s payout ratio is 52.44%.

Insiders Place Their Bets

In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $216,427.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,306 shares of company stock valued at $6,485,050. Insiders own 0.54% of the company’s stock.

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.