O Brien Greene & Co. Inc Has $890,000 Holdings in Sysco Co. (NYSE:SYY)

O Brien Greene & Co. Inc reduced its position in shares of Sysco Co. (NYSE:SYY) by 11.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,405 shares of the company’s stock after selling 1,448 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Sysco were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SYY. TruNorth Capital Management LLC bought a new position in Sysco in the 2nd quarter valued at about $25,000. Armstrong Advisory Group Inc. increased its holdings 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 during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new position in Sysco during the third quarter valued at approximately $31,000. Finally, Focused Wealth Management Inc acquired a new stake in shares of Sysco in the 3rd quarter valued at $37,000. 83.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,279 shares of company stock worth $2,786,971. 0.54% of the stock is currently owned by company insiders.

Sysco Price Performance

Shares of Sysco stock opened at $80.73 on Monday. The stock has a market capitalization of $39.66 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. The company has a fifty day moving average of $76.06 and a 200-day moving average of $74.94. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities research analysts expect that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio is 52.44%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SYY. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group increased their target price on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company cut their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.