McElhenny Sheffield Capital Management LLC Has $476,000 Stock Position in Sysco Co. (NYSE:SYY)

McElhenny Sheffield Capital Management LLC lessened its stake in shares of Sysco Co. (NYSE:SYY) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,226 shares of the company’s stock after selling 396 shares during the period. McElhenny Sheffield Capital Management LLC’s holdings in Sysco were worth $476,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its holdings in shares of Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after acquiring an additional 310 shares during the period. Ashton Thomas Securities LLC purchased a new position in Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in Sysco during the 3rd quarter valued at $31,000. Focused Wealth Management Inc purchased a new stake in shares of Sysco in the third quarter valued at $37,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Sysco in the second quarter worth $38,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the sale, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,306 shares of company stock worth $6,485,050. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SYY. Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. Jefferies Financial Group increased their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company lowered their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price for the company. Finally, StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.93.

Sysco Stock Down 0.3 %

SYY opened at $73.02 on Friday. The firm has a market cap of $35.87 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18. 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 business has a 50 day moving average price of $76.72 and a 200 day moving average price of $75.77. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89.

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

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a $0.51 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. Sysco’s dividend payout ratio is 52.44%.

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.