BKD Wealth Advisors LLC Grows Position in SYSCO Co. (SYY)

BKD Wealth Advisors LLC increased its position in shares of SYSCO Co. (NYSE:SYY) by 6.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,051 shares of the company’s stock after buying an additional 3,781 shares during the quarter. BKD Wealth Advisors LLC’s holdings in SYSCO were worth $3,586,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SYY. Beach Investment Management LLC. purchased a new position in SYSCO during the 2nd quarter worth approximately $2,198,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of SYSCO by 3.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 59,867 shares of the company’s stock valued at $3,013,000 after purchasing an additional 1,797 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of SYSCO in the 2nd quarter valued at approximately $232,000. Allen Investment Management LLC grew its stake in shares of SYSCO by 3.2% in the 2nd quarter. Allen Investment Management LLC now owns 57,182 shares of the company’s stock valued at $2,878,000 after purchasing an additional 1,791 shares during the last quarter. Finally, Homrich & Berg grew its stake in shares of SYSCO by 3.2% in the 2nd quarter. Homrich & Berg now owns 11,103 shares of the company’s stock valued at $559,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.

Several research analysts have weighed in on the company. Morgan Stanley upgraded SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 target price on the stock in a research note on Tuesday. Zacks Investment Research upgraded SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a $66.00 target price on SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Pivotal Research lifted their target price on SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, Loop Capital lifted their target price on SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. SYSCO has a consensus rating of “Buy” and an average price target of $59.92.

In related news, CEO William J. Delaney III sold 150,000 shares of SYSCO stock in a transaction on Monday, November 13th. The stock was sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the completion of the transaction, the chief executive officer now directly owns 526,725 shares of the company’s stock, valued at $28,469,486.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Greg D. Bertrand sold 81,038 shares of SYSCO stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $60.76, for a total value of $4,923,868.88. Following the transaction, the senior vice president now directly owns 69,721 shares of the company’s stock, valued at $4,236,247.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 291,172 shares of company stock worth $16,592,605. Company insiders own 9.60% of the company’s stock.

SYSCO Co. (NYSE:SYY) traded up $0.48 during trading on Thursday, hitting $62.20. The company had a trading volume of 1,906,800 shares, compared to its average volume of 2,585,864. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.88 and a current ratio of 1.40. SYSCO Co. has a 12-month low of $48.85 and a 12-month high of $62.79. The stock has a market capitalization of $32,480.00, a P/E ratio of 28.40, a PEG ratio of 2.44 and a beta of 0.53.

SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. SYSCO had a return on equity of 58.47% and a net margin of 2.12%. The firm had revenue of $14.65 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. research analysts expect that SYSCO Co. will post 2.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be paid a $0.36 dividend. The ex-dividend date is Thursday, January 4th. This is an increase from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.32%. SYSCO’s payout ratio is 65.75%.

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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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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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