Private Advisor Group LLC Acquires 187 Shares of Sysco Co. (NYSE:SYY)

Private Advisor Group LLC lifted its holdings in shares of Sysco Co. (NYSE:SYY) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,082 shares of the company’s stock after purchasing an additional 187 shares during the period. Private Advisor Group LLC’s holdings in Sysco were worth $2,973,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SYY. ORG Partners LLC increased its holdings in shares of Sysco by 3,159.0% in the second quarter. ORG Partners LLC now owns 7,072 shares of the company’s stock worth $495,000 after buying an additional 6,855 shares during the period. Mizuho Markets Americas LLC lifted its position in Sysco by 102.1% in the first quarter. Mizuho Markets Americas LLC now owns 139,875 shares of the company’s stock valued at $11,355,000 after purchasing an additional 70,660 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Sysco by 11.6% in the second quarter. Wedge Capital Management L L P NC now owns 176,170 shares of the company’s stock worth $12,577,000 after purchasing an additional 18,296 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Sysco in the first quarter worth $1,677,000. Finally, Shell Asset Management Co. raised its holdings in Sysco by 205.0% during the 1st quarter. Shell Asset Management Co. now owns 14,305 shares of the company’s stock valued at $1,161,000 after buying an additional 9,615 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SYY shares. Jefferies Financial Group boosted their price objective on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Barclays upped their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Bank of America dropped their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Morgan Stanley dropped their price target on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.08.

Sysco Stock Up 1.6 %

Shares of Sysco stock opened at $75.11 on Tuesday. Sysco Co. has a 1 year low of $64.28 and a 1 year high of $82.89. The firm has a market cap of $36.90 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.93 and a beta of 1.20. The company has a 50-day moving average of $76.39 and a 200 day moving average of $74.75. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm had revenue of $20.56 billion during the quarter, compared to analyst estimates of $20.51 billion. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.34 earnings per share. As a group, sell-side analysts anticipate that Sysco Co. will post 4.6 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.72%. The ex-dividend date was Friday, October 4th. Sysco’s dividend payout ratio (DPR) is 52.44%.

Sysco Company 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.