Private Advisor Group LLC Has $1.79 Million Position in Sysco Corporation (SYY)

Private Advisor Group LLC increased its position in shares of Sysco Corporation (NYSE:SYY) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,100 shares of the company’s stock after purchasing an additional 1,187 shares during the quarter. Private Advisor Group LLC’s holdings in Sysco were worth $1,786,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First Personal Financial Services boosted its stake in Sysco by 293.2% in the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after acquiring an additional 1,463 shares during the last quarter. Arcadia Investment Management Corp MI boosted its stake in Sysco by 10.7% in the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after acquiring an additional 225 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Sysco by 84.6% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after acquiring an additional 1,100 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Sysco by 13.4% in the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Sysco by 465.7% in the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after acquiring an additional 2,291 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Sysco Corporation (NYSE:SYY) traded up $0.24 during midday trading on Thursday, hitting $59.52. 3,402,600 shares of the stock traded hands, compared to its average volume of 2,894,338. Sysco Corporation has a one year low of $48.85 and a one year high of $59.94. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $30,888.21, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.65 and a beta of 0.54.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Sysco had a net margin of 2.12% and a return on equity of 58.47%. The company had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts expect that Sysco Corporation will post 2.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be given a $0.36 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.44 annualized dividend and a dividend yield of 2.42%. This is a positive change from Sysco’s previous quarterly dividend of $0.33. Sysco’s payout ratio is 60.00%.

A number of research analysts have weighed in on SYY shares. Pivotal Research reiterated a “hold” rating and issued a $53.00 target price on shares of Sysco in a research note on Sunday, November 5th. Royal Bank Of Canada set a $50.00 target price on shares of Sysco and gave the company a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Tuesday, September 12th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Sysco in a research note on Monday, August 14th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.42.

In related news, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $53.16, for a total transaction of $1,594,800.00. Following the sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $21,621,501. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul T. Moskowitz sold 16,667 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $54.12, for a total transaction of $902,018.04. Following the sale, the insider now directly owns 61,936 shares in the company, valued at approximately $3,351,976.32. The disclosure for this sale can be found here. In the last three months, insiders sold 2,237,981 shares of company stock worth $120,454,412. Insiders own 9.60% of the company’s stock.

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Sysco 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.

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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