Sysco Co. (NYSE:SYY) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its stake in shares of Sysco Co. (NYSE:SYY) by 8.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,053 shares of the company’s stock after purchasing an additional 786 shares during the period. Foundations Investment Advisors LLC’s holdings in Sysco were worth $769,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SYY. Armstrong Advisory Group Inc. grew its holdings in Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Sysco in the third quarter valued at approximately $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco during the 3rd quarter worth $31,000. Focused Wealth Management Inc purchased a new position in Sysco during the third quarter worth about $37,000. Finally, Canoe Financial LP acquired a new stake in shares of Sysco in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley dropped their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday. Jefferies Financial Group upped their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Melius assumed coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.21.

Insiders Place Their Bets

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. The trade was a 18.29 % 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 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Performance

SYY stock opened at $71.96 on Thursday. The company has a 50-day simple moving average of $76.43 and a 200 day simple moving average of $76.03. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The company has a market capitalization of $35.35 billion, a P/E ratio of 18.50, a PEG ratio of 2.04 and a beta of 1.18. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Sysco had a return on equity of 101.04% and a net margin of 2.44%. During the same quarter in the previous year, the company earned $0.89 earnings per share. Sell-side 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 was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, January 3rd. Sysco’s dividend payout ratio is 52.44%.

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.