Hibernia Wealth Partners LLC Decreases Stock Holdings in Sysco Co. (NYSE:SYY)

Hibernia Wealth Partners LLC lowered its stake in shares of Sysco Co. (NYSE:SYY) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,709 shares of the company’s stock after selling 279 shares during the quarter. Sysco comprises 0.5% of Hibernia Wealth Partners LLC’s holdings, making the stock its 23rd largest holding. Hibernia Wealth Partners LLC’s holdings in Sysco were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. Fortem Financial Group LLC boosted its position in shares of Sysco by 3.6% in the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after purchasing an additional 136 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after buying an additional 146 shares during the last quarter. S.A. Mason LLC boosted its holdings in Sysco by 10.7% in the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after acquiring an additional 150 shares in the last quarter. Cable Hill Partners LLC grew its stake in shares of Sysco by 3.9% during the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after acquiring an additional 152 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Sysco by 12.3% during the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock valued at $108,000 after acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was 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. This represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,270 shares of company stock worth $6,181,946 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Sysco Stock Up 0.5 %

Sysco stock opened at $70.57 on Wednesday. The business’s 50-day moving average price is $75.65 and its 200 day moving average price is $75.94. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm has a market cap of $34.53 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates 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 previous year, the business posted $0.89 EPS. As a group, sell-side analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

Analyst Ratings Changes

A number of analysts recently commented on SYY shares. UBS Group lowered their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Morgan Stanley lowered their price target 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 price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.38.

About Sysco

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.