Albion Financial Group UT Has $83,000 Stake in Sysco Co. (NYSE:SYY)

Albion Financial Group UT lessened its position in Sysco Co. (NYSE:SYY) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,092 shares of the company’s stock after selling 286 shares during the period. Albion Financial Group UT’s holdings in Sysco were worth $83,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its holdings in Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Sysco in the 3rd quarter valued at approximately $26,000. Valley Wealth Managers Inc. bought a new position in shares of Sysco during the third quarter valued at $31,000. Focused Wealth Management Inc bought a new position in shares of Sysco during the third quarter valued at $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco during the third quarter worth $38,000. 83.41% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 value of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at $4,846,480. This trade represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,306 shares of company stock worth $6,485,050 over the last three months. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SYY. Morgan Stanley decreased their price objective on Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a report on Tuesday. Melius began coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $85.79.

Sysco Price Performance

SYY stock opened at $73.41 on Thursday. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. The stock has a market capitalization of $36.06 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. The company’s 50-day moving average is $76.54 and its 200-day moving average is $75.90. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period last year, the business posted $1.07 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is 52.44%.

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.