Sysco Co. (NYSE:SYY) Holdings Lifted by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC increased its holdings in Sysco Co. (NYSE:SYY) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,701 shares of the company’s stock after acquiring an additional 558 shares during the period. Philip James Wealth Mangement LLC’s holdings in Sysco were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SYY. Plimoth Trust Co. LLC raised its holdings in shares of Sysco by 0.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock valued at $1,610,000 after purchasing an additional 139 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in Sysco by 1.7% during the first quarter. Meeder Advisory Services Inc. now owns 8,362 shares of the company’s stock valued at $679,000 after acquiring an additional 141 shares during the period. Koshinski Asset Management Inc. grew its holdings in Sysco by 3.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after buying an additional 146 shares during the last quarter. NorthRock Partners LLC boosted its position in shares of Sysco by 3.7% in the first quarter. NorthRock Partners LLC now owns 4,121 shares of the company’s stock valued at $335,000 after acquiring an additional 147 shares during the period. Finally, Powers Advisory Group LLC raised its position in shares of Sysco by 1.6% during the second quarter. Powers Advisory Group LLC now owns 9,555 shares of the company’s stock valued at $682,000 after buying an additional 149 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of SYY traded up $0.66 during mid-day trading on Friday, hitting $77.53. 61,221 shares of the company traded hands, compared to its average volume of 3,161,764. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The stock has a market capitalization of $38.09 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.02 and a beta of 1.20. The business has a 50-day moving average of $76.17 and a 200 day moving average of $74.74. Sysco Co. has a one year low of $66.27 and a one year high of $82.89.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 4th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.63%. Sysco’s dividend payout ratio is currently 52.44%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group upped their price target on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Bank of America lowered their target price on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Morgan Stanley dropped their target price on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.77.

Insider Transactions at Sysco

In other news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction dated Friday, November 1st. The stock was 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 in the company, valued at $3,638,670.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

About Sysco

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.