S.A. Mason LLC Reduces Stock Position in Sysco Co. (NYSE:SYY)

S.A. Mason LLC decreased its position in Sysco Co. (NYSE:SYY) by 11.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,318 shares of the company’s stock after selling 170 shares during the quarter. S.A. Mason LLC’s holdings in Sysco were worth $96,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC increased its position in Sysco by 74.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares during the period. Sunbelt Securities Inc. purchased a new position in Sysco during the 1st quarter valued at about $32,000. CGC Financial Services LLC purchased a new stake in Sysco in the second quarter worth about $33,000. Intrepid Capital Management Inc. purchased a new position in shares of Sysco during the second quarter valued at approximately $35,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of Sysco in the 2nd quarter worth approximately $37,000. 83.41% of the stock is owned by institutional investors.

Insider Activity at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the sale, the chief accounting officer now owns 24,082 shares in the company, valued at approximately $1,926,560. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SYY shares. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Stephens increased their price objective on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Barclays raised their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets upped their price objective on Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.38.

Sysco Price Performance

NYSE SYY opened at $81.94 on Thursday. Sysco Co. has a 1-year low of $62.24 and a 1-year high of $82.89. The stock has a market capitalization of $40.79 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.65 and a beta of 1.16. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. The business’s fifty day moving average price is $79.42 and its 200-day moving average price is $73.25.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The company had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. Sysco’s dividend payout ratio (DPR) is 48.90%.

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.