Persium Advisors LLC Has $530,000 Stock Holdings in Sysco Co. (NYSE:SYY)

Persium Advisors LLC increased its position in shares of Sysco Co. (NYSE:SYY) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,065 shares of the company’s stock after acquiring an additional 492 shares during the quarter. Persium Advisors LLC’s holdings in Sysco were worth $530,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. NorthCrest Asset Manangement LLC lifted its stake in shares of Sysco by 4.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company’s stock valued at $226,000 after acquiring an additional 139 shares during the period. MV Capital Management Inc. lifted its stake in shares of Sysco by 0.4% during the fourth quarter. MV Capital Management Inc. now owns 34,330 shares of the company’s stock valued at $2,625,000 after acquiring an additional 144 shares during the period. Morton Community Bank lifted its stake in shares of Sysco by 0.4% during the fourth quarter. Morton Community Bank now owns 40,585 shares of the company’s stock valued at $3,103,000 after acquiring an additional 145 shares during the period. Nemes Rush Group LLC lifted its stake in shares of Sysco by 5.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,631 shares of the company’s stock valued at $201,000 after acquiring an additional 147 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Up 1.1%

Shares of Sysco stock opened at $74.56 on Friday. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23. The business has a 50-day moving average of $71.67 and a two-hundred day moving average of $73.71. The company has a market capitalization of $36.15 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.06). Sysco had a return on equity of 106.30% and a net margin of 2.40%. The business had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.54 per share. This is a boost from Sysco’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 3rd. Sysco’s dividend payout ratio is currently 55.96%.

Analysts Set New Price Targets

SYY has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Barclays dropped their price objective on Sysco from $87.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company dropped their price objective on Sysco from $87.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on Sysco from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Finally, UBS Group dropped their price objective on Sysco from $86.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 356 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $70.84, for a total transaction of $25,219.04. Following the completion of the transaction, the director now directly owns 12,738 shares of the company’s stock, valued at $902,359.92. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

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.