Sysco Co. (NYSE:SYY) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its stake in shares of Sysco Co. (NYSE:SYY) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,990 shares of the company’s stock after selling 1,560 shares during the period. Everence Capital Management Inc.’s holdings in Sysco were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Armstrong Advisory Group Inc. raised its position in Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco in the 3rd quarter valued at $26,000. Valley Wealth Managers Inc. acquired a new position in Sysco during the 3rd quarter worth about $31,000. Focused Wealth Management Inc purchased a new position in Sysco during the 3rd quarter valued at about $37,000. Finally, Fairscale Capital LLC acquired a new position in Sysco in the 2nd quarter valued at about $38,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $85.93.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,306 shares of company stock valued at $6,485,050 over the last quarter. Company insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.4 %

SYY stock opened at $75.43 on Friday. The company’s 50 day moving average is $77.04 and its two-hundred day moving average is $75.67. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. 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 stock has a market cap of $37.05 billion, a P/E ratio of 19.39, a PEG ratio of 2.10 and a beta of 1.18.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The company had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. Sysco’s revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.70%. Sysco’s dividend payout ratio is presently 52.44%.

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.