West Oak Capital LLC Sells 430 Shares of Sysco Co. (NYSE:SYY)

West Oak Capital LLC decreased its position in shares of Sysco Co. (NYSE:SYY) by 3.9% in the 4th quarter, Holdings Channel reports. The fund owned 10,570 shares of the company’s stock after selling 430 shares during the quarter. West Oak Capital LLC’s holdings in Sysco were worth $801,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Brinker Capital Investments LLC increased its stake in shares of Sysco by 3.2% in the first 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. Geller Advisors LLC increased its position in shares of Sysco by 4.2% in the first quarter. Geller Advisors LLC now owns 3,362 shares of the company’s stock valued at $276,000 after acquiring an additional 136 shares during the period. Brasada Capital Management LP boosted its holdings in shares of Sysco by 0.7% during the second quarter. Brasada Capital Management LP now owns 22,837 shares of the company’s stock worth $1,695,000 after purchasing an additional 148 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Sysco by 1.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,972 shares of the company’s stock worth $666,000 after purchasing an additional 153 shares during the last quarter. Finally, Ancora Advisors LLC increased its holdings in Sysco by 3.7% during the 1st quarter. Ancora Advisors LLC now owns 4,433 shares of the company’s stock valued at $342,000 after purchasing an additional 159 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Sysco

In related news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the transaction, the chief accounting officer now owns 24,082 shares in the company, valued at approximately $1,926,560. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Sysco Stock Down 0.4 %

Shares of NYSE:SYY traded down $0.31 during midday trading on Thursday, reaching $81.63. The company’s stock had a trading volume of 546,597 shares, compared to its average volume of 2,984,884. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 5.00. The firm has a 50 day moving average of $79.42 and a 200-day moving average of $73.25. The firm has a market capitalization of $40.64 billion, a P/E ratio of 20.03, a PEG ratio of 1.65 and a beta of 1.16. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89.

Sysco (NYSE:SYY) last announced its quarterly earnings data 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 business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, April 4th. Sysco’s dividend payout ratio (DPR) 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.