Csenge Advisory Group Purchases New Holdings in Sysco Corporation (SYY)

Csenge Advisory Group purchased a new stake in Sysco Corporation (NYSE:SYY) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,639 shares of the company’s stock, valued at approximately $412,000.

Several other large investors have also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC boosted its holdings in shares of Sysco Corporation by 0.4% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after buying an additional 12 shares in the last quarter. Schnieders Capital Management LLC boosted its holdings in shares of Sysco Corporation by 0.4% in the 2nd quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock valued at $205,000 after buying an additional 18 shares in the last quarter. Blue Chip Partners Inc. boosted its holdings in shares of Sysco Corporation by 0.6% in the 2nd quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock valued at $149,000 after buying an additional 18 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its holdings in shares of Sysco Corporation by 0.6% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 5,169 shares of the company’s stock valued at $269,000 after buying an additional 29 shares in the last quarter. Finally, Keel Point LLC boosted its holdings in shares of Sysco Corporation by 0.8% in the 2nd quarter. Keel Point LLC now owns 5,782 shares of the company’s stock valued at $291,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.

A number of research firms recently commented on SYY. Zacks Investment Research cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a research note on Monday, August 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco Corporation in a research note on Tuesday, September 12th. Finally, Pivotal Research set a $53.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Sunday, August 13th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Sysco Corporation presently has a consensus rating of “Hold” and a consensus target price of $56.42.

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In other Sysco Corporation news, insider Wayne Shurts sold 15,600 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $51.76, for a total transaction of $807,456.00. Following the completion of the transaction, the insider now owns 58,776 shares in the company, valued at $3,042,245.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $51.31, for a total transaction of $1,539,300.00. Following the transaction, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $20,869,059.75. The disclosure for this sale can be found here. Insiders have sold 2,125,781 shares of company stock valued at $114,211,628 in the last quarter. 9.60% of the stock is owned by company insiders.

Sysco Corporation (NYSE:SYY) traded up $1.10 on Friday, reaching $56.66. 4,321,703 shares of the company’s stock were exchanged, compared to its average volume of 1,920,000. Sysco Corporation has a 12 month low of $47.69 and a 12 month high of $57.23. The company has a quick ratio of 0.83, a current ratio of 1.32 and a debt-to-equity ratio of 3.22. The stock has a market cap of $29.62 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.39 and a beta of 0.53.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, August 14th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.35 billion. During the same quarter last year, the business earned $0.64 earnings per share. Sysco Corporation’s quarterly revenue was up 5.5% compared to the same quarter last year. equities research analysts anticipate that Sysco Corporation will post 2.78 EPS for the current fiscal year.

Sysco Corporation Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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