Gulf International Bank UK Ltd Decreases Stock Holdings in Sysco Co. (NYSE:SYY)

Gulf International Bank UK Ltd lowered its stake in shares of Sysco Co. (NYSE:SYY) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,596 shares of the company’s stock after selling 432 shares during the period. Gulf International Bank UK Ltd’s holdings in Sysco were worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. boosted its holdings in Sysco by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 196,600 shares of the company’s stock worth $15,032,000 after buying an additional 3,200 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Sysco during the fourth quarter worth about $205,000. Checchi Capital Advisers LLC lifted its holdings in shares of Sysco by 4.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,175 shares of the company’s stock valued at $472,000 after purchasing an additional 242 shares in the last quarter. Sabal Trust CO lifted its holdings in shares of Sysco by 82.4% in the fourth quarter. Sabal Trust CO now owns 15,956 shares of the company’s stock valued at $1,220,000 after purchasing an additional 7,206 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its holdings in shares of Sysco by 1.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 89,317 shares of the company’s stock valued at $6,829,000 after purchasing an additional 1,547 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the completion of the sale, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at $4,846,480. The trade was a 26.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,370 shares of company stock valued at $5,965,519. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group reduced their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Barclays reduced their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Truist Financial reduced their price target on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reduced their price target on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Melius assumed coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.77.

Sysco Stock Performance

Shares of SYY stock opened at $75.53 on Friday. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The company has a 50 day moving average price of $73.66 and a 200 day moving average price of $75.65. The firm has a market capitalization of $36.95 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the business earned $0.89 earnings per share. Sell-side analysts anticipate that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.70%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is 52.44%.

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.