Gamble Jones Investment Counsel lessened its position in shares of SYSCO Co. (NYSE:SYY) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,937 shares of the company’s stock after selling 2,785 shares during the period. Gamble Jones Investment Counsel’s holdings in SYSCO were worth $6,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its position in shares of SYSCO by 9,055.0% during the 2nd quarter. Janus Henderson Group PLC now owns 5,707,603 shares of the company’s stock worth $287,264,000 after buying an additional 5,645,259 shares during the last quarter. Capital World Investors raised its position in SYSCO by 11.7% in the 2nd quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock valued at $692,893,000 after purchasing an additional 1,445,000 shares during the last quarter. Parnassus Investments CA raised its position in SYSCO by 20.3% in the 3rd quarter. Parnassus Investments CA now owns 7,410,401 shares of the company’s stock valued at $399,791,000 after purchasing an additional 1,250,005 shares during the last quarter. American Century Companies Inc. raised its position in SYSCO by 21.1% in the 3rd quarter. American Century Companies Inc. now owns 6,120,917 shares of the company’s stock valued at $330,223,000 after purchasing an additional 1,065,987 shares during the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new stake in SYSCO in the 4th quarter valued at $60,798,000. Institutional investors own 80.09% of the company’s stock.

SYY has been the subject of several research reports. Loop Capital reduced their price target on shares of SYSCO from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday. Pivotal Research reduced their price target on shares of SYSCO from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday. BMO Capital Markets set a $66.00 price target on shares of SYSCO and gave the company a “buy” rating in a research report on Friday, December 8th. Bank of America upped their price target on shares of SYSCO from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley upgraded shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $64.27.

In related news, CEO William J. Delaney III sold 150,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.05, for a total value of $8,107,500.00. Following the sale, the chief executive officer now directly owns 526,725 shares of the company’s stock, valued at approximately $28,469,486.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP William W. Goetz sold 11,323 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total transaction of $702,026.00. Following the completion of the sale, the senior vice president now directly owns 35,825 shares in the company, valued at $2,221,150. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 294,695 shares of company stock worth $16,866,723. Corporate insiders own 9.60% of the company’s stock.

SYSCO Co. (NYSE SYY) opened at $58.43 on Thursday. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.88 and a current ratio of 1.38. SYSCO Co. has a 12 month low of $48.85 and a 12 month high of $64.27. The firm has a market cap of $31,127.23, a price-to-earnings ratio of 22.68, a PEG ratio of 2.25 and a beta of 0.56.

SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $14.15 billion. During the same period in the prior year, the company posted $0.58 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts predict that SYSCO Co. will post 2.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 5th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, January 4th. This is a boost from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.46%. SYSCO’s dividend payout ratio is 64.29%.

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About SYSCO

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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