Colton Groome Financial Advisors LLC Sells 304 Shares of Sysco Co. (NYSE:SYY)

Colton Groome Financial Advisors LLC lowered its stake in Sysco Co. (NYSE:SYY) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,150 shares of the company’s stock after selling 304 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Sysco were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp increased its position in Sysco by 11.1% in the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company’s stock valued at $2,130,617,000 after buying an additional 2,721,449 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Sysco in the third quarter valued at approximately $137,900,000. Nordea Investment Management AB increased its holdings in shares of Sysco by 52.3% during the fourth quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company’s stock valued at $208,666,000 after acquiring an additional 933,327 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Sysco by 11.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock worth $521,874,000 after purchasing an additional 672,940 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Sysco in the 3rd quarter worth $44,722,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of NYSE:SYY opened at $71.92 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company has a 50-day moving average price of $76.43 and a 200-day moving average price of $76.03.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.44% and a return on equity of 101.04%. During the same quarter in the prior year, the company posted $0.89 EPS. As a group, equities analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. Sysco’s payout ratio is 52.44%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Truist Financial lowered their target price on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company lowered their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, UBS Group cut their target price on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.21.

Insider Activity at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,306 shares of company stock valued at $6,485,050 in the last three months. Company insiders own 0.54% of the company’s stock.

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.