Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in Sysco Co. (NYSE:SYY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Sysco Co. (NYSE:SYYFree Report) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,562 shares of the company’s stock after acquiring an additional 13,195 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sysco were worth $6,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Brinker Capital Investments LLC grew its position in shares of Sysco by 3.2% in the 1st quarter. Brinker Capital Investments LLC now owns 3,851 shares of the company’s stock worth $314,000 after buying an additional 121 shares during the last quarter. Geller Advisors LLC grew its position in shares of Sysco by 4.2% in the 1st quarter. Geller Advisors LLC now owns 3,362 shares of the company’s stock worth $276,000 after buying an additional 136 shares during the last quarter. Brasada Capital Management LP grew its position in shares of Sysco by 0.7% in the 2nd quarter. Brasada Capital Management LP now owns 22,837 shares of the company’s stock worth $1,695,000 after buying an additional 148 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Sysco by 1.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,972 shares of the company’s stock worth $666,000 after buying an additional 153 shares during the last quarter. Finally, Ancora Advisors LLC grew its position in shares of Sysco by 3.7% in the 1st quarter. Ancora Advisors LLC now owns 4,433 shares of the company’s stock worth $342,000 after buying an additional 159 shares during the last quarter. 80.60% of the stock is currently owned by institutional investors.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 2,200 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $71.76, for a total value of $157,872.00. Following the completion of the transaction, the director now owns 12,782 shares in the company, valued at $917,236.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.58% of the company’s stock.

Sysco Stock Up 0.3 %

Shares of NYSE:SYY opened at $79.55 on Friday. The stock has a fifty day simple moving average of $75.48 and a two-hundred day simple moving average of $71.37. The stock has a market capitalization of $40.12 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.62 and a beta of 1.17. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00.

Sysco (NYSE:SYYGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, research analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 5th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, January 4th. Sysco’s dividend payout ratio is currently 48.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SYY shares. BMO Capital Markets lifted their price objective on Sysco from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Stephens lifted their price target on Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Barclays lifted their price target on Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on Sysco in a research report on Thursday, October 19th. They set a “buy” rating and a $75.00 price target on the stock. Finally, StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $85.44.

Get Our Latest Analysis on Sysco

About Sysco

(Free Report)

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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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