Moloney Securities Asset Management LLC Sells 1,774 Shares of Sysco Co. (NYSE:SYY)

Moloney Securities Asset Management LLC trimmed its holdings in Sysco Co. (NYSE:SYY) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,708 shares of the company’s stock after selling 1,774 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Sysco were worth $972,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Apollon Wealth Management LLC lifted its stake in shares of Sysco by 9.1% in the 4th quarter. Apollon Wealth Management LLC now owns 8,290 shares of the company’s stock valued at $634,000 after purchasing an additional 694 shares during the last quarter. Vest Financial LLC raised its holdings in Sysco by 12.6% during the fourth quarter. Vest Financial LLC now owns 762,658 shares of the company’s stock valued at $58,313,000 after buying an additional 85,402 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in shares of Sysco by 18.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 6,994 shares of the company’s stock worth $535,000 after buying an additional 1,068 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Sysco by 1.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 62,097 shares of the company’s stock worth $4,748,000 after acquiring an additional 958 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Sysco by 0.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,160,456 shares of the company’s stock valued at $88,728,000 after acquiring an additional 6,738 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Trading Down 0.2 %

Shares of SYY opened at $71.13 on Monday. The stock’s 50-day moving average price is $75.78 and its 200 day moving average price is $75.92. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The firm has a market capitalization of $34.80 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the business earned $0.89 earnings per share. As a group, research analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a dividend of $0.51 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,270 shares of company stock valued at $6,181,946 over the last quarter. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

SYY has been the subject of a number of recent analyst reports. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Barclays cut their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, Truist Financial lowered their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

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.