Alpha Omega Wealth Management LLC Lowers Stock Holdings in Sysco Co. (NYSE:SYY)

Alpha Omega Wealth Management LLC reduced its position in Sysco Co. (NYSE:SYY) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,404 shares of the company’s stock after selling 175 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Sysco were worth $468,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SYY. Brinker Capital Investments LLC grew its position in shares of Sysco by 3.2% in the 1st quarter. Brinker Capital Investments LLC now owns 3,851 shares of the company’s stock worth $314,000 after buying an additional 121 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of Sysco by 6.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company’s stock worth $165,000 after buying an additional 135 shares during the period. Geller Advisors LLC grew its position in shares of Sysco by 4.2% in the 1st quarter. Geller Advisors LLC now owns 3,362 shares of the company’s stock worth $276,000 after buying an additional 136 shares during the period. Quent Capital LLC grew its position in shares of Sysco by 5.0% in the 4th quarter. Quent Capital LLC now owns 2,948 shares of the company’s stock worth $216,000 after buying an additional 140 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Sysco by 1.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,972 shares of the company’s stock worth $666,000 after buying an additional 153 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Down 0.5 %

Sysco stock opened at $75.44 on Thursday. The firm has a 50 day moving average of $79.52 and a 200 day moving average of $74.23. The firm has a market capitalization of $37.56 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.55 and a beta of 1.15. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00.

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

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, April 4th. Sysco’s dividend payout ratio (DPR) is currently 48.90%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of the 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 completion of the sale, the chief accounting officer now directly owns 24,082 shares of the company’s stock, valued at approximately $1,926,560. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.58% of the company’s stock.

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.