Guyasuta Investment Advisors Inc. Sells 200 Shares of Sysco Co. (NYSE:SYY)

Guyasuta Investment Advisors Inc. decreased its position in Sysco Co. (NYSE:SYY) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,000 shares of the company’s stock after selling 200 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Sysco were worth $1,024,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SYY. Invesco Ltd. boosted its stake in shares of Sysco by 11.0% in the third quarter. Invesco Ltd. now owns 10,859,690 shares of the company’s stock worth $717,283,000 after acquiring an additional 1,076,287 shares during the period. Northern Trust Corp lifted its holdings in shares of Sysco by 3.0% in the third quarter. Northern Trust Corp now owns 6,138,310 shares of the company’s stock worth $405,435,000 after buying an additional 178,464 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Sysco by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,651,746 shares of the company’s stock worth $373,298,000 after acquiring an additional 265,621 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Sysco by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,738,940 shares of the company’s stock valued at $180,907,000 after purchasing an additional 21,700 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its stake in Sysco by 0.4% during the 3rd quarter. Clarkston Capital Partners LLC now owns 2,320,060 shares of the company’s stock valued at $153,240,000 after purchasing an additional 9,385 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CAO Neil Russell sold 1,722 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the sale, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Sysco Stock Performance

Shares of SYY traded up $0.30 during trading hours on Monday, reaching $77.37. 1,347,005 shares of the company’s stock traded hands, compared to its average volume of 2,865,067. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89. The firm has a market capitalization of $38.52 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.56 and a beta of 1.15. The business’s fifty day simple moving average is $79.16 and its two-hundred day simple moving average is $74.93. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, topping 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 firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same period last year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that Sysco Co. will post 4.33 earnings per share for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 5th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, July 5th. This is an increase from Sysco’s previous quarterly dividend of $0.50. Sysco’s dividend payout ratio is 48.90%.

Sysco 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.