Sysco Co. (NYSE:SYY) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its stake in Sysco Co. (NYSE:SYY) by 0.7% in the second quarter, Holdings Channel.com reports. The fund owned 31,662 shares of the company’s stock after buying an additional 226 shares during the quarter. Sigma Planning Corp’s holdings in Sysco were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in shares of Sysco by 4.8% in the second quarter. New York State Common Retirement Fund now owns 970,603 shares of the company’s stock valued at $75,464,000 after buying an additional 44,203 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Sysco by 9.4% in the first quarter. Public Employees Retirement System of Ohio now owns 313,455 shares of the company’s stock valued at $24,681,000 after buying an additional 26,837 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Sysco by 74.1% in the second quarter. Qube Research & Technologies Ltd now owns 84,385 shares of the company’s stock valued at $6,561,000 after buying an additional 35,906 shares during the last quarter. National Pension Service raised its holdings in shares of Sysco by 1.0% in the first quarter. National Pension Service now owns 685,152 shares of the company’s stock valued at $53,949,000 after buying an additional 6,600 shares during the last quarter. Finally, MV Capital Management Inc. raised its holdings in shares of Sysco by 6.3% in the second quarter. MV Capital Management Inc. now owns 23,543 shares of the company’s stock valued at $1,830,000 after buying an additional 1,401 shares during the last quarter. 79.81% of the stock is owned by institutional investors and hedge funds.

Shares of SYY opened at $81.84 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 6.82. The firm’s 50-day moving average is $78.56 and its two-hundred day moving average is $78.72. Sysco Co. has a twelve month low of $53.85 and a twelve month high of $86.73. The firm has a market capitalization of $41.92 billion, a P/E ratio of 81.03, a PEG ratio of 2.44 and a beta of 1.45.

Sysco (NYSE:SYY) last issued its earnings results on Monday, August 9th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The company had revenue of $16.14 billion for the quarter, compared to analyst estimates of $14.65 billion. Sysco had a net margin of 1.02% and a return on equity of 52.19%. The firm’s revenue for the quarter was up 82.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.29) earnings per share. Analysts predict that Sysco Co. will post 3.49 EPS for the current year.

The firm also recently declared a dividend, which was paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, September 15th. This represents a dividend yield of 2.4%. Sysco’s dividend payout ratio is presently 130.56%.

Several research analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of Sysco from $91.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday. TheStreet raised shares of Sysco from a “c” rating to a “b-” rating in a report on Wednesday, September 15th. Finally, UBS Group initiated coverage on shares of Sysco in a report on Thursday, July 29th. They set a “buy” rating and a $89.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.89.

In other news, EVP Greg D. Bertrand sold 7,230 shares of the stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $80.00, for a total value of $578,400.00. Following the sale, the executive vice president now directly owns 32,238 shares in the company, valued at $2,579,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cathy Marie Robinson sold 7,101 shares of the company’s stock in a transaction that occurred on Thursday, September 23rd. The shares were sold at an average price of $80.00, for a total transaction of $568,080.00. The disclosure for this sale can be found here. Insiders sold 85,602 shares of company stock worth $6,932,109 over the last quarter. Company insiders own 5.17% of the company’s stock.

About Sysco

Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S.

Further Reading: What is the yield curve?

Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Co. (NYSE:SYY).

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.