First Hawaiian Bank Sells 3,500 Shares of Sysco Co. (NYSE:SYY)

First Hawaiian Bank cut its holdings in Sysco Co. (NYSE:SYY - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,864 shares of the company's stock after selling 3,500 shares during the period. First Hawaiian Bank's holdings in Sysco were worth $2,091,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Buckley Wealth Management LLC raised its holdings in Sysco by 0.8% in the 4th quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company's stock worth $1,391,000 after purchasing an additional 150 shares during the period. WR Wealth Planners LLC raised its stake in shares of Sysco by 9.9% in the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock worth $326,000 after buying an additional 386 shares during the period. Boston Trust Walden Corp raised its stake in shares of Sysco by 179.5% in the fourth quarter. Boston Trust Walden Corp now owns 804,345 shares of the company's stock worth $61,500,000 after buying an additional 516,585 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Sysco in the fourth quarter worth about $54,000. Finally, Empower Advisory Group LLC raised its stake in shares of Sysco by 4.1% in the fourth quarter. Empower Advisory Group LLC now owns 1,054,448 shares of the company's stock worth $80,623,000 after buying an additional 41,944 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Sheila Talton sold 356 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $70.84, for a total value of $25,219.04. Following the sale, the director now directly owns 12,738 shares in the company, valued at $902,359.92. The trade was a 2.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Sysco Price Performance

NYSE SYY traded up $0.92 on Friday, reaching $72.99. The company had a trading volume of 5,362,878 shares, compared to its average volume of 3,334,521. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm's 50 day moving average price is $71.73 and its 200 day moving average price is $73.77. The stock has a market capitalization of $35.38 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). Sysco had a return on equity of 106.30% and a net margin of 2.40%. The firm had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, July 3rd. This is a boost from Sysco's previous quarterly dividend of $0.51. Sysco's payout ratio is currently 55.96%.

Analyst Ratings Changes

A number of equities research analysts have commented on SYY shares. Barclays decreased their target price on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Citigroup began coverage on shares of Sysco in a research note on Thursday, May 22nd. They set a "neutral" rating and a $78.00 target price on the stock. Sanford C. Bernstein set a $87.00 price objective on shares of Sysco and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Finally, BMO Capital Markets decreased their price target on Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Sysco presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

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.