Baldwin Investment Management LLC Sells 400 Shares of Sysco Co. (NYSE:SYY)

Baldwin Investment Management LLC cut its holdings in Sysco Co. (NYSE:SYY) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,615 shares of the company’s stock after selling 400 shares during the quarter. Baldwin Investment Management LLC’s holdings in Sysco were worth $438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYY. TruNorth Capital Management LLC acquired a new position in shares of Sysco during the second quarter worth approximately $25,000. Armstrong Advisory Group Inc. lifted its position in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Sysco in the third quarter worth $26,000. Valley Wealth Managers Inc. bought a new position in Sysco during the third quarter valued at about $31,000. Finally, Focused Wealth Management Inc purchased a new stake in Sysco during the third quarter worth about $37,000. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Sysco Trading Up 0.3 %

Shares of SYY stock opened at $76.65 on Thursday. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $75.70 and its two-hundred day simple moving average is $74.76. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. The company has a market cap of $37.65 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20.

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 analysts’ expectations of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. Research analysts predict that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, January 3rd. Sysco’s payout ratio is 52.44%.

Analyst Upgrades and Downgrades

SYY has been the subject of a number of research reports. Barclays increased their target price on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Wells Fargo & Company reduced their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.77.

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.