Sheaff Brock Investment Advisors LLC increased its stake in SYSCO Co. (NYSE:SYY) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,575 shares of the company’s stock after acquiring an additional 1,239 shares during the period. SYSCO makes up approximately 0.8% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Sheaff Brock Investment Advisors LLC’s holdings in SYSCO were worth $6,533,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. Parnassus Investments CA grew its position in SYSCO by 20.3% in the third quarter. Parnassus Investments CA now owns 7,410,401 shares of the company’s stock worth $399,791,000 after acquiring an additional 1,250,005 shares in the last quarter. American Century Companies Inc. grew its position in SYSCO by 21.1% in the third quarter. American Century Companies Inc. now owns 6,120,917 shares of the company’s stock worth $330,223,000 after acquiring an additional 1,065,987 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new position in SYSCO in the fourth quarter worth about $60,798,000. Victory Capital Management Inc. grew its position in SYSCO by 18.5% in the third quarter. Victory Capital Management Inc. now owns 3,458,745 shares of the company’s stock worth $186,599,000 after acquiring an additional 541,100 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in SYSCO by 126.1% in the fourth quarter. Retirement Systems of Alabama now owns 532,810 shares of the company’s stock worth $32,358,000 after acquiring an additional 297,195 shares in the last quarter. Institutional investors own 77.72% of the company’s stock.
Shares of SYSCO Co. (SYY) opened at $59.14 on Thursday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.85. The stock has a market cap of $30,510.00, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. SYSCO Co. has a 12 month low of $48.85 and a 12 month high of $64.27.
SYSCO (NYSE:SYY) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts forecast that SYSCO Co. will post 2.95 EPS for the current year.
In other news, SVP William W. Goetz sold 11,323 shares of SYSCO stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total transaction of $702,026.00. Following the completion of the sale, the senior vice president now owns 35,825 shares of the company’s stock, valued at $2,221,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of SYSCO stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $61.76, for a total transaction of $481,728.00. Following the sale, the executive vice president now directly owns 55,235 shares of the company’s stock, valued at approximately $3,411,313.60. The disclosure for this sale can be found here. Insiders have sold 144,695 shares of company stock valued at $8,759,223 in the last ninety days. Insiders own 9.60% of the company’s stock.
Several research analysts recently commented on SYY shares. Loop Capital lifted their price target on SYSCO to $68.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $61.00 price objective on shares of SYSCO in a research note on Tuesday, February 6th. Zacks Investment Research downgraded shares of SYSCO from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Pivotal Research reissued a “hold” rating and issued a $53.00 price objective on shares of SYSCO in a research note on Sunday, November 5th. Finally, BMO Capital Markets set a $66.00 price objective on shares of SYSCO and gave the stock a “buy” rating in a research note on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.20.
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SYSCO Company 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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