Persium Advisors LLC Buys Shares of 6,573 Sysco Co. (NYSE:SYY)

Persium Advisors LLC acquired a new position in Sysco Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,573 shares of the company’s stock, valued at approximately $503,000.

Several other large investors have also made changes to their positions in the business. Armstrong Advisory Group Inc. increased its stake in Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 310 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Sysco during the third quarter valued at approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the third quarter worth approximately $31,000. Focused Wealth Management Inc purchased a new position in Sysco during the 3rd quarter valued at $37,000. Finally, Fairscale Capital LLC bought a new position in Sysco in the 2nd quarter valued at $38,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sysco news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the transaction, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,306 shares of company stock worth $6,485,050 in the last 90 days. Insiders own 0.54% of the company’s stock.

Sysco Stock Performance

SYY traded up $0.12 during trading on Monday, reaching $73.71. 1,977,251 shares of the company’s stock were exchanged, compared to its average volume of 1,860,717. The stock has a market capitalization of $36.21 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.10 and a beta of 1.18. The company’s fifty day simple moving average is $77.02 and its 200-day simple moving average is $75.75. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.77%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SYY shares. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 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 note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th. Finally, Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.93.

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.