Sysco Co. (NYSE:SYY) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP lessened its stake in Sysco Co. (NYSE:SYY) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,670 shares of the company’s stock after selling 172 shares during the period. L. Roy Papp & Associates LLP’s holdings in Sysco were worth $1,851,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SYY. CENTRAL TRUST Co increased its position in Sysco by 74.0% in the 4th quarter. CENTRAL TRUST Co now owns 5,812 shares of the company’s stock valued at $444,000 after acquiring an additional 2,471 shares during the period. Mather Group LLC. increased its position in Sysco by 11.6% in the 4th quarter. Mather Group LLC. now owns 7,003 shares of the company’s stock valued at $535,000 after acquiring an additional 728 shares during the period. E. Ohman J or Asset Management AB increased its position in Sysco by 10.1% in the 4th quarter. E. Ohman J or Asset Management AB now owns 21,900 shares of the company’s stock valued at $1,674,000 after acquiring an additional 2,000 shares during the period. Sargent Investment Group LLC acquired a new position in Sysco in the 4th quarter valued at about $419,000. Finally, Stratos Wealth Advisors LLC increased its position in Sysco by 35.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 7,726 shares of the company’s stock valued at $591,000 after acquiring an additional 2,009 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 356 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total transaction of $25,219.04. Following the transaction, the director now owns 12,738 shares of the company’s stock, valued at $902,359.92. This represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group dropped their target price on Sysco from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 target price on Sysco and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on Sysco from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. Wells Fargo & Company dropped their target price on Sysco from $87.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, BMO Capital Markets dropped their target price on Sysco from $82.00 to $77.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Sysco Stock Performance

SYY opened at $72.93 on Thursday. The stock has a market cap of $35.35 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.88 and a beta of 0.80. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $71.71 and its 200 day simple moving average is $73.72. Sysco Co. has a 1-year low of $67.12 and a 1-year high of $82.23.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.06). The firm had revenue of $19.60 billion during the quarter, compared to analyst estimates of $20.11 billion. Sysco had a return on equity of 106.30% and a net margin of 2.40%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from Sysco’s previous quarterly dividend of $0.51. Sysco’s dividend payout ratio is 55.96%.

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.