Integrated Investment Consultants LLC Invests $698,000 in Sysco Co. (NYSE:SYY)

Integrated Investment Consultants LLC acquired a new stake in shares of Sysco Co. (NYSE:SYY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,937 shares of the company’s stock, valued at approximately $698,000.

A number of other large investors have also added to or reduced their stakes in the stock. Edgestream Partners L.P. bought a new position in Sysco in the first quarter valued at about $489,000. Lake Street Advisors Group LLC bought a new stake in shares of Sysco in the 1st quarter valued at approximately $268,000. EP Wealth Advisors LLC lifted its stake in shares of Sysco by 10.5% during the 1st quarter. EP Wealth Advisors LLC now owns 8,356 shares of the company’s stock worth $678,000 after acquiring an additional 791 shares during the last quarter. Capital International Inc. CA lifted its stake in shares of Sysco by 24.6% during the 1st quarter. Capital International Inc. CA now owns 43,607 shares of the company’s stock worth $3,540,000 after acquiring an additional 8,596 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in shares of Sysco by 140.3% during the 1st quarter. Truvestments Capital LLC now owns 930 shares of the company’s stock worth $76,000 after acquiring an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 2.0 %

Sysco stock opened at $75.08 on Friday. The company has a 50 day moving average price of $75.70 and a 200 day moving average price of $74.74. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market capitalization of $36.88 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.95 and a beta of 1.20.

Sysco (NYSE:SYY) last announced 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). The firm had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 EPS. Research analysts forecast that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is 52.44%.

Insider Buying and Selling

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the transaction, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SYY shares. Barclays boosted 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. Jefferies Financial Group boosted their price objective on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. upped their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company dropped 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. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average target price of $85.77.

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.