Darwin Wealth Management LLC Buys Shares of 740 Sysco Co. (NYSE:SYY)

Darwin Wealth Management LLC bought a new stake in shares of Sysco Co. (NYSE:SYY) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 740 shares of the company’s stock, valued at approximately $58,000.

A number of other large investors also recently added to or reduced their stakes in SYY. Edgestream Partners L.P. acquired a new position in Sysco during the 1st quarter valued at about $489,000. Covestor Ltd increased its stake in shares of Sysco by 323.2% in the 1st quarter. Covestor Ltd now owns 1,151 shares of the company’s stock valued at $93,000 after acquiring an additional 879 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of Sysco in the 1st quarter valued at about $268,000. MQS Management LLC increased its stake in shares of Sysco by 9.4% in the 1st quarter. MQS Management LLC now owns 3,637 shares of the company’s stock valued at $295,000 after acquiring an additional 314 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of Sysco in the 1st quarter valued at about $104,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Down 1.0 %

NYSE SYY opened at $73.63 on Thursday. The company has a market cap of $36.17 billion, a PE ratio of 18.93, a PEG ratio of 1.95 and a beta of 1.20. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The stock has a 50 day moving average of $75.74 and a 200-day moving average of $74.74.

Sysco (NYSE:SYY) last announced its quarterly 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 net margin of 2.44% and a return on equity of 101.04%. The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. During the same period in the prior year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s dividend payout ratio is 52.44%.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco 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 owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. This represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

SYY has been the subject of a number of recent analyst reports. 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 note on Wednesday, September 25th. Barclays increased their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Wells Fargo & Company lowered their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.77.

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.