Sysco Co. (NYSE:SYY) Position Trimmed by Eudaimonia Advisors LLC

Eudaimonia Advisors LLC trimmed its holdings in shares of Sysco Co. (NYSE:SYY) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,665 shares of the company’s stock after selling 201 shares during the period. Eudaimonia Advisors LLC’s holdings in Sysco were worth $268,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its stake in shares of Sysco by 3.6% during the 3rd quarter. AE Wealth Management LLC now owns 34,356 shares of the company’s stock valued at $2,269,000 after buying an additional 1,207 shares during the period. IFP Advisors Inc raised its holdings in shares of Sysco by 33.6% during the 3rd quarter. IFP Advisors Inc now owns 7,278 shares of the company’s stock valued at $481,000 after purchasing an additional 1,831 shares in the last quarter. Naples Global Advisors LLC raised its holdings in shares of Sysco by 6.6% during the 3rd quarter. Naples Global Advisors LLC now owns 3,221 shares of the company’s stock valued at $213,000 after purchasing an additional 200 shares in the last quarter. Riverwater Partners LLC bought a new position in Sysco in the 3rd quarter worth $370,000. Finally, NovaPoint Capital LLC raised its holdings in Sysco by 5.9% in the 3rd quarter. NovaPoint Capital LLC now owns 43,929 shares of the company’s stock worth $2,902,000 after acquiring an additional 2,443 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Sysco Price Performance

Shares of NYSE:SYY traded up $0.28 during midday trading on Wednesday, hitting $77.24. The stock had a trading volume of 641,953 shares, compared to its average volume of 2,887,109. The company’s 50-day moving average price is $79.29 and its 200-day moving average price is $74.65. The company has a market capitalization of $38.45 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 5.00. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY) last posted 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 for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm 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. The ex-dividend date is Thursday, April 4th. This represents a $2.00 annualized dividend and a yield of 2.59%. Sysco’s payout ratio is 48.90%.

Analysts Set New Price Targets

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

Insider Transactions at Sysco

In related news, CAO Neil Russell sold 1,722 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 24,082 shares in the company, valued at $1,926,560. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company 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.