Gilman Hill Asset Management LLC Sells 195 Shares of Sysco Co. (NYSE:SYY)

Gilman Hill Asset Management LLC reduced its holdings in shares of Sysco Co. (NYSE:SYY) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,855 shares of the company’s stock after selling 195 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Sysco were worth $3,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYY. Hexagon Capital Partners LLC lifted its holdings in Sysco by 74.6% during the 3rd 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. Sunbelt Securities Inc. acquired a new stake in Sysco during the 1st quarter worth approximately $32,000. CGC Financial Services LLC acquired a new stake in Sysco during the 2nd quarter worth approximately $33,000. Intrepid Capital Management Inc. acquired a new stake in Sysco during the 2nd quarter worth approximately $35,000. Finally, Tyler Stone Wealth Management acquired a new stake in Sysco during the 2nd quarter worth approximately $37,000. 80.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stephens lifted their price target on Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Barclays lifted their price objective on Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets lifted their price objective on Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Sysco Price Performance

SYY stock traded down $0.26 during midday trading on Monday, reaching $80.66. 3,272,521 shares of the stock were exchanged, compared to its average volume of 3,142,467. The stock has a market capitalization of $40.15 billion, a PE ratio of 19.72, a P/E/G ratio of 1.63 and a beta of 1.16. Sysco Co. has a 52 week low of $62.24 and a 52 week high of $82.89. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. The company has a fifty day moving average price of $78.72 and a 200 day moving average price of $72.75.

Sysco (NYSE:SYY) last issued 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 return on equity of 105.22% and a net margin of 2.69%. The business had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same quarter in the previous year, the company posted $0.80 EPS. Sysco’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that Sysco Co. will post 4.3 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 5th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.48%. Sysco’s dividend payout ratio (DPR) is presently 48.90%.

Insider Buying and Selling at Sysco

In other Sysco news, CAO Neil Russell sold 1,722 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the sale, the chief accounting officer now owns 24,082 shares in the company, valued at approximately $1,926,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.58% of the company’s stock.

About Sysco

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.