Benin Management CORP Sells 148 Shares of Sysco Co. (NYSE:SYY)

Benin Management CORP trimmed its position in shares of Sysco Co. (NYSE:SYY) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,115 shares of the company’s stock after selling 148 shares during the period. Sysco comprises 0.6% of Benin Management CORP’s portfolio, making the stock its 26th largest position. Benin Management CORP’s holdings in Sysco were worth $1,997,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SYY. Fortem Financial Group LLC lifted its holdings in Sysco by 3.6% in the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after buying an additional 136 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after acquiring an additional 146 shares in the last quarter. Cable Hill Partners LLC increased its position in Sysco by 3.9% during the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock valued at $316,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group raised its holdings in Sysco by 12.3% in the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock worth $108,000 after purchasing an additional 154 shares in the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its position in shares of Sysco by 1.1% in the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 17,045 shares of the company’s stock worth $1,217,000 after purchasing an additional 178 shares during the period. 83.41% of the stock is owned by institutional investors.

Sysco Price Performance

Shares of SYY opened at $74.81 on Friday. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The company has a market capitalization of $36.75 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The firm has a 50 day moving average of $76.45 and a 200 day moving average of $75.86. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.73%. Sysco’s dividend payout ratio is presently 52.44%.

Insider Activity

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,306 shares of company stock valued at $6,485,050 over the last three months. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SYY shares. Wells Fargo & Company decreased their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Jefferies Financial Group raised their target price on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. Morgan Stanley lowered their price objective on Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.79.

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.