Northwest Quadrant Wealth Management LLC Sells 195 Shares of Sysco Co. (NYSE:SYY)

Northwest Quadrant Wealth Management LLC lowered its position in Sysco Co. (NYSE:SYY) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 2,998 shares of the company’s stock after selling 195 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in Sysco were worth $229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SYY. Boston Partners grew its stake in Sysco by 143.7% in the fourth quarter. Boston Partners now owns 12,184,114 shares of the company’s stock worth $930,296,000 after purchasing an additional 7,184,754 shares in the last quarter. Norges Bank bought a new stake in Sysco during the 4th quarter valued at $450,441,000. Capital Research Global Investors boosted its position in Sysco by 27.3% during the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company’s stock valued at $687,488,000 after acquiring an additional 1,928,002 shares in the last quarter. Mondrian Investment Partners LTD bought a new stake in Sysco during the 4th quarter valued at $123,928,000. Finally, Raymond James Financial Inc. bought a new stake in Sysco during the 4th quarter valued at $97,078,000. Institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley lowered their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. UBS Group lowered their price objective on Sysco from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets lowered their price objective on Sysco from $82.00 to $77.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Sanford C. Bernstein set a $87.00 price objective on Sysco and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $83.38.

Insider Buying and Selling

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

Sysco Stock Performance

Shares of SYY stock opened at $70.82 on Wednesday. The firm has a market capitalization of $34.33 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth 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 business has a fifty day moving average of $72.03 and a 200 day moving average of $74.09. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) 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 analysts’ expectations 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 last year, the business earned $0.96 EPS. As a group, research analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be paid a $0.54 dividend. This is a positive change from Sysco’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 3.05%. Sysco’s dividend payout ratio (DPR) is 55.96%.

Sysco Company 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.