SYSCO Co. (SYY) Stake Raised by Private Advisor Group LLC

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Private Advisor Group LLC grew its position in shares of SYSCO Co. (NYSE:SYY) by 66.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,790 shares of the company’s stock after buying an additional 15,431 shares during the quarter. Private Advisor Group LLC’s holdings in SYSCO were worth $2,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blue Chip Partners Inc. purchased a new stake in shares of SYSCO during the second quarter valued at approximately $104,000. Quad Cities Investment Group LLC purchased a new stake in shares of SYSCO during the second quarter valued at approximately $111,000. Flagship Harbor Advisors LLC purchased a new stake in shares of SYSCO during the second quarter valued at approximately $121,000. Daiwa SB Investments Ltd. purchased a new stake in shares of SYSCO during the third quarter valued at approximately $132,000. Finally, Fort L.P. purchased a new stake in shares of SYSCO during the second quarter valued at approximately $123,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Shares of SYY stock opened at $66.81 on Friday. SYSCO Co. has a 12-month low of $53.65 and a 12-month high of $75.98. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.74 and a current ratio of 1.30. The company has a market capitalization of $33.56 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.77 and a beta of 0.56.

SYSCO (NYSE:SYY) last issued its earnings results on Monday, November 5th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). SYSCO had a return on equity of 68.81% and a net margin of 2.52%. The company had revenue of $15.22 billion during the quarter, compared to analysts’ expectations of $15.39 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that SYSCO Co. will post 3.42 EPS for the current year.

In other SYSCO news, SVP Brian R. Todd sold 9,147 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $73.82, for a total value of $675,231.54. Following the transaction, the senior vice president now directly owns 11,747 shares in the company, valued at $867,163.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard G. Tilghman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $73.82, for a total transaction of $369,100.00. Following the completion of the transaction, the director now owns 66,137 shares in the company, valued at $4,882,233.34. The disclosure for this sale can be found here. Insiders sold 3,969,811 shares of company stock worth $297,370,093 in the last 90 days. 7.88% of the stock is currently owned by corporate insiders.

SYY has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of SYSCO from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, July 17th. Wells Fargo & Co increased their price target on shares of SYSCO from $71.00 to $80.00 and gave the company a “$70.32” rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of SYSCO from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. ValuEngine cut shares of SYSCO from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Pivotal Research cut shares of SYSCO from a “hold” rating to a “sell” rating and set a $58.00 target price on the stock. in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.15.

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SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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