Chicago Companions Funding Group LLC boosted its holdings in shares of Sysco Co. (NYSE:SYY – Free Report) by 3.7% in the course of the third quarter, in line with its most up-to-date 13F submitting with the SEC. The fund owned 8,633 shares of the corporate’s inventory after buying an extra 310 shares in the course of the interval. Chicago Companions Funding Group LLC’s holdings in Sysco have been value $644,000 as of its most up-to-date submitting with the SEC.
Different hedge funds and different institutional buyers additionally lately purchased and offered shares of the corporate. TruNorth Capital Administration LLC acquired a brand new place in shares of Sysco in the course of the second quarter value about $25,000. Armstrong Advisory Group Inc. elevated its stake in shares of Sysco by 1,240.0% in the course of the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the corporate’s inventory value $26,000 after buying an extra 310 shares in the course of the interval. Fairscale Capital LLC acquired a brand new place in shares of Sysco in the course of the second quarter value about $38,000. Canoe Monetary LP acquired a brand new place in shares of Sysco in the course of the third quarter value about $38,000. Lastly, LRI Investments LLC acquired a brand new place in shares of Sysco in the course of the first quarter value about $45,000. 83.41% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Scores Modifications
Quite a few brokerages have lately issued experiences on SYY. Jefferies Monetary Group boosted their worth goal on shares of Sysco from $91.00 to $92.00 and gave the inventory a “purchase” ranking in a analysis be aware on Wednesday, September twenty fifth. Financial institution of America decreased their worth goal on shares of Sysco from $91.00 to $87.00 and set a “purchase” ranking on the inventory in a report on Thursday, July 18th. JPMorgan Chase & Co. boosted their worth goal on shares of Sysco from $85.00 to $88.00 and gave the inventory an “chubby” ranking in a report on Monday, September sixteenth. Morgan Stanley decreased their worth goal on shares of Sysco from $82.00 to $81.00 and set an “equal weight” ranking on the inventory in a report on Tuesday, July sixteenth. Lastly, Wells Fargo & Firm decreased their worth goal on shares of Sysco from $87.00 to $82.00 and set an “chubby” ranking on the inventory in a report on Wednesday, October thirtieth. Two funding analysts have rated the inventory with a maintain ranking and twelve have assigned a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, Sysco presently has a mean ranking of “Average Purchase” and a mean goal worth of $85.77.
Sysco Value Efficiency
Shares of SYY inventory opened at $75.37 on Tuesday. The corporate has a market capitalization of $37.02 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The agency has a fifty day easy transferring common of $76.16 and a 200-day easy transferring common of $74.73. The corporate has a present ratio of 1.26, a fast ratio of 0.69 and a debt-to-equity ratio of 5.38. Sysco Co. has a twelve month low of $66.27 and a twelve month excessive of $82.89.
Sysco (NYSE:SYY – Get Free Report) final posted its quarterly earnings knowledge on Tuesday, October twenty ninth. The corporate reported $1.09 EPS for the quarter, lacking analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a internet margin of two.44% and a return on fairness of 101.04%. The corporate had income of $20.48 billion for the quarter, in comparison with the consensus estimate of $20.47 billion. Throughout the identical quarter final 12 months, the corporate earned $1.07 earnings per share. The corporate’s income was up 4.4% in comparison with the identical quarter final 12 months. Equities analysis analysts anticipate that Sysco Co. will put up 4.58 earnings per share for the present fiscal 12 months.
Sysco Dividend Announcement
The agency additionally lately declared a quarterly dividend, which was paid on Friday, October twenty fifth. Stockholders of document on Friday, October 4th got a $0.51 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.04 dividend on an annualized foundation and a dividend yield of two.71%. Sysco’s payout ratio is at present 52.44%.
Insider Transactions at Sysco
In different information, SVP Eve M. Mcfadden offered 4,036 shares of the agency’s inventory in a transaction dated Friday, November 1st. The shares have been offered at a mean worth of $75.10, for a complete worth of $303,103.60. Following the transaction, the senior vp now straight owns 48,451 shares within the firm, valued at roughly $3,638,670.10. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the SEC, which could be accessed via the SEC web site. Insiders personal 0.54% of the corporate’s inventory.
Sysco Firm Profile
Sysco Company, via its subsidiaries, engages within the advertising and distribution of varied meals and associated merchandise to the foodservice or food-away-from-home trade in the USA, Canada, the UK, France, and internationally. It operates via U.S. Foodservice Operations, Worldwide Foodservice Operations, SYGMA, and Different segments.
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