Bank of New Hampshire Reduces Holdings in Sysco Co. (NYSE:SYY)

Bank of New Hampshire lessened its holdings in Sysco Co. (NYSE:SYY) by 32.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590 shares of the company’s stock after selling 750 shares during the period. Bank of New Hampshire’s holdings in Sysco were worth $122,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Armstrong Advisory Group Inc. lifted its stake in Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Sysco in the third quarter worth $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the third quarter valued at $31,000. Focused Wealth Management Inc acquired a new stake in shares of Sysco during the third quarter valued at $37,000. Finally, Fairscale Capital LLC purchased a new stake in Sysco during the 2nd quarter worth about $38,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Down 0.1 %

Shares of NYSE:SYY opened at $74.65 on Wednesday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89. The company’s fifty day moving average is $77.04 and its two-hundred day moving average is $75.74. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a market capitalization of $36.67 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.10 and a beta of 1.18.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 earnings per share. Equities analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

SYY has been the topic of several analyst reports. Jefferies Financial Group raised their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Melius assumed coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.93.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is owned by insiders.

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.