Orion Portfolio Solutions LLC Acquires 6,433 Shares of Sysco Co. (NYSE:SYY)

Orion Portfolio Solutions LLC boosted its holdings in shares of Sysco Co. (NYSE:SYY) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,489 shares of the company’s stock after purchasing an additional 6,433 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Sysco were worth $3,317,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in shares of Sysco in the 2nd quarter worth approximately $25,000. Armstrong Advisory Group Inc. raised its holdings in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Sysco in the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco in the 3rd quarter worth approximately $31,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Sysco in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,279 shares of company stock valued at $2,786,971 over the last three months. Company insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.3 %

NYSE SYY opened at $80.82 on Wednesday. The stock has a fifty day moving average of $76.12 and a 200-day moving average of $74.99. The stock has a market capitalization of $39.70 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. 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.

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

Sysco Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.52%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised their price target on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, 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 report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.