Sysco Co. (NYSE:SYY) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its position in Sysco Co. (NYSE:SYY) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,816 shares of the company’s stock after selling 4,776 shares during the period. John G Ullman & Associates Inc.’s holdings in Sysco were worth $5,032,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Sysco in the third quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Sysco in the fourth quarter worth about $31,000. Valley Wealth Managers Inc. acquired a new position in Sysco in the third quarter worth about $31,000. Focused Wealth Management Inc acquired a new position in Sysco in the third quarter valued at approximately $37,000. Finally, HHM Wealth Advisors LLC boosted its stake in Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 321 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of NYSE:SYY opened at $75.53 on Friday. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The stock has a market cap of $36.95 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.88 and a beta of 1.17. The stock’s 50 day moving average price is $73.66 and its 200 day moving average price is $75.65. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate 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 previous year, the business earned $0.89 EPS. Equities research analysts anticipate 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. Investors of record on Friday, April 4th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.70%. Sysco’s payout ratio is 52.44%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SYY. Truist Financial decreased their target price on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Melius began coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price for the company. Wells Fargo & Company lifted their target price on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley decreased their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,370 shares of company stock valued at $5,965,519 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.