OneDigital Investment Advisors LLC Acquires 556 Shares of Sysco Co. (NYSE:SYY)

OneDigital Investment Advisors LLC increased its holdings in shares of Sysco Co. (NYSE:SYY) by 2.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,359 shares of the company’s stock after buying an additional 556 shares during the period. OneDigital Investment Advisors LLC’s holdings in Sysco were worth $1,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SYY. Armstrong Advisory Group Inc. boosted its position in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after purchasing an additional 310 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco in the third quarter worth $26,000. TruNorth Capital Management LLC bought a new position in shares of Sysco during the second quarter valued at $25,000. Focused Wealth Management Inc purchased a new position in shares of Sysco in the 3rd quarter worth about $37,000. Finally, Canoe Financial LP bought a new position in Sysco in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.0 %

SYY opened at $74.95 on Monday. The firm’s 50 day simple moving average is $75.93 and its two-hundred day simple moving average is $74.74. The company has a market capitalization of $36.82 billion, a PE ratio of 19.27, a PEG ratio of 1.97 and a beta of 1.20. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last announced 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). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Sysco’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Sysco Co. will post 4.57 EPS for the current year.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction that occurred 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 transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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