Leavell Investment Management Inc. reduced its stake in SYSCO Co. (NYSE:SYY) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,303 shares of the company’s stock after selling 240 shares during the quarter. Leavell Investment Management Inc.’s holdings in SYSCO were worth $539,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SYY. BlackRock Inc. lifted its stake in SYSCO by 3.3% during the 2nd quarter. BlackRock Inc. now owns 31,130,419 shares of the company’s stock worth $2,201,542,000 after acquiring an additional 1,004,706 shares in the last quarter. State Street Corp increased its stake in SYSCO by 6.3% during the 3rd quarter. State Street Corp now owns 26,747,724 shares of the company’s stock worth $2,123,769,000 after buying an additional 1,590,356 shares during the period. California Public Employees Retirement System lifted its holdings in SYSCO by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 3,791,535 shares of the company’s stock worth $301,048,000 after buying an additional 177,287 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in SYSCO by 1,804.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,587,054 shares of the company’s stock worth $182,956,000 after buying an additional 2,451,242 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in SYSCO by 0.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,317,166 shares of the company’s stock valued at $183,983,000 after buying an additional 12,161 shares during the period. 78.61% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:SYY opened at $83.68 on Friday. SYSCO Co. has a 52 week low of $61.49 and a 52 week high of $85.98. The company’s 50 day moving average is $84.08 and its two-hundred day moving average is $78.17. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 3.74. The company has a market cap of $42.42 billion, a PE ratio of 25.67, a P/E/G ratio of 2.22 and a beta of 0.48.

SYSCO (NYSE:SYY) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.53 billion. SYSCO had a net margin of 2.82% and a return on equity of 79.60%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. As a group, equities research analysts expect that SYSCO Co. will post 3.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from SYSCO’s previous quarterly dividend of $0.39. SYSCO’s dividend payout ratio is 50.70%.

Several equities analysts have commented on SYY shares. ValuEngine downgraded shares of SYSCO from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Piper Jaffray Companies assumed coverage on SYSCO in a research note on Thursday, December 12th. They issued an “overweight” rating and a $94.00 price objective on the stock. Piper Sandler reiterated a “neutral” rating and issued a $90.00 target price (down from $94.00) on shares of SYSCO in a report on Tuesday, January 14th. Loop Capital boosted their target price on SYSCO to $86.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets upped their price target on SYSCO to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $79.13.

In other news, SVP Brian R. Todd sold 12,520 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $85.06, for a total transaction of $1,064,951.20. Following the completion of the transaction, the senior vice president now directly owns 28,145 shares of the company’s stock, valued at approximately $2,394,013.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Bene sold 39,384 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.00, for a total value of $3,150,720.00. Following the transaction, the chief executive officer now directly owns 132,929 shares of the company’s stock, valued at $10,634,320. The disclosure for this sale can be found here. Insiders sold 227,412 shares of company stock worth $18,867,462 in the last three months. 5.24% of the stock is currently owned by corporate insiders.

About SYSCO

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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