Guyasuta Investment Advisors Inc. Sells 200 Shares of Sysco Co. (NYSE:SYY)

Guyasuta Investment Advisors Inc. reduced its stake in Sysco Co. (NYSE:SYY) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,000 shares of the company’s stock after selling 200 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Sysco were worth $1,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SYY. Invesco Ltd. increased its stake in shares of Sysco by 11.0% during the third quarter. Invesco Ltd. now owns 10,859,690 shares of the company’s stock valued at $717,283,000 after purchasing an additional 1,076,287 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Sysco by 3.0% in the third quarter. Northern Trust Corp now owns 6,138,310 shares of the company’s stock worth $405,435,000 after buying an additional 178,464 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Sysco by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 5,651,746 shares of the company’s stock valued at $373,298,000 after acquiring an additional 265,621 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Sysco by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,738,940 shares of the company’s stock valued at $180,907,000 after acquiring an additional 21,700 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its holdings in shares of Sysco by 0.4% in the 3rd quarter. Clarkston Capital Partners LLC now owns 2,320,060 shares of the company’s stock worth $153,240,000 after purchasing an additional 9,385 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SYY. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. BMO Capital Markets lifted their price target on Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Stephens raised their target price on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Barclays boosted their price target on shares of Sysco from $85.00 to $90.00 and gave the stock an “overweight” rating in a research 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.38.

Insider Buying and Selling at Sysco

In related news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were 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 owns 24,082 shares in the company, valued at approximately $1,926,560. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.58% of the company’s stock.

Sysco Trading Up 0.4 %

SYY stock traded up $0.30 during midday trading on Monday, reaching $77.37. 1,347,005 shares of the company’s stock traded hands, compared to its average volume of 2,865,067. The business has a 50-day moving average price of $79.16 and a two-hundred day moving average price of $74.93. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. The company has a market capitalization of $38.52 billion, a P/E ratio of 18.84, a PEG ratio of 1.56 and a beta of 1.15.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same period in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that Sysco Co. will post 4.33 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 5th will be paid a $0.51 dividend. The ex-dividend date is Friday, July 5th. This represents a $2.04 dividend on an annualized basis and a yield of 2.64%. This is a boost from Sysco’s previous quarterly dividend of $0.50. Sysco’s dividend payout ratio (DPR) is currently 48.90%.

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.