Hilltop National Bank Has $173,000 Stock Holdings in Sysco Co. (NYSE:SYY)

Hilltop National Bank boosted its holdings in shares of Sysco Co. (NYSE:SYY) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,269 shares of the company’s stock after acquiring an additional 207 shares during the period. Hilltop National Bank’s holdings in Sysco were worth $173,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. ST Germain D J Co. Inc. grew its holdings in Sysco by 78.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 3,640 shares of the company’s stock worth $278,000 after acquiring an additional 1,600 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sysco by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 162,944 shares of the company’s stock valued at $12,720,000 after buying an additional 785 shares during the period. First Hawaiian Bank grew its holdings in shares of Sysco by 16.3% in the 4th quarter. First Hawaiian Bank now owns 31,364 shares of the company’s stock valued at $2,398,000 after buying an additional 4,393 shares during the period. InvesTrust acquired a new position in shares of Sysco in the 4th quarter valued at $789,000. Finally, Fulton Bank N.A. grew its holdings in shares of Sysco by 69.5% in the 4th quarter. Fulton Bank N.A. now owns 11,888 shares of the company’s stock valued at $909,000 after buying an additional 4,876 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. 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 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Sysco Trading Down 1.6 %

Shares of NYSE:SYY opened at $73.66 on Friday. The company’s 50-day moving average price is $77.02 and its two-hundred day moving average price is $75.72. 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 Co. has a one year low of $69.03 and a one year high of $82.89. The stock has a market capitalization of $36.18 billion, a PE ratio of 18.94, a price-to-earnings-growth 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. During the same period last year, the firm earned $1.07 EPS. Sysco’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be given 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 2.77%. 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.