O Brien Greene & Co. Inc Sells 400 Shares of Sysco Co. (NYSE:SYY)

O Brien Greene & Co. Inc cut its stake in shares of Sysco Co. (NYSE:SYY) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,505 shares of the company’s stock after selling 400 shares during the period. O Brien Greene & Co. Inc’s holdings in Sysco were worth $914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SYY. AdvisorNet Financial Inc increased its position in shares of Sysco by 74.0% in the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after purchasing an additional 159 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Sysco by 74.6% in the third quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of Sysco in the third quarter worth approximately $38,000. BKM Wealth Management LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $42,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Sysco in the third quarter worth approximately $40,000. 83.41% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Neil Russell sold 1,722 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the sale, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sysco Stock Performance

NYSE:SYY opened at $77.07 on Friday. The firm has a market cap of $38.37 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.80 and a current ratio of 1.37. The business has a 50 day moving average price of $79.16 and a 200-day moving average price of $74.78.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.32 billion. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Equities research analysts predict that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, July 5th. This is a positive change from Sysco’s previous quarterly dividend of $0.50. Sysco’s dividend payout ratio is 48.90%.

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.