3,197 Shares in Sysco Co. (NYSE:SYY) Purchased by Claro Advisors LLC

Claro Advisors LLC acquired a new stake in shares of Sysco Co. (NYSE:SYY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,197 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors also recently made changes to their positions in SYY. Intech Investment Management LLC acquired a new stake in Sysco in the first quarter valued at $250,000. Edgestream Partners L.P. bought a new position in shares of Sysco during the first quarter worth about $489,000. Covestor Ltd grew its stake in Sysco by 323.2% in the first quarter. Covestor Ltd now owns 1,151 shares of the company’s stock worth $93,000 after purchasing an additional 879 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Sysco by 87.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 62,063 shares of the company’s stock valued at $5,038,000 after buying an additional 29,009 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in Sysco by 301.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 18,046 shares of the company’s stock worth $1,465,000 after buying an additional 13,546 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Sysco Trading Down 1.8 %

Sysco stock opened at $74.40 on Wednesday. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The firm has a market capitalization of $36.55 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The company has a 50 day moving average price of $75.79 and a 200 day moving average price of $74.75.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 EPS. Research analysts forecast that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.74%. Sysco’s dividend payout ratio is currently 52.44%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SYY. JPMorgan Chase & Co. upped their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their target price on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Wells Fargo & Company lowered their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays increased their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.77.

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.