Krilogy Financial LLC Purchases 5,316 Shares of Sysco Co. (NYSE:SYY)

Krilogy Financial LLC boosted its position in shares of Sysco Co. (NYSE:SYY) by 28.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,035 shares of the company’s stock after purchasing an additional 5,316 shares during the quarter. Krilogy Financial LLC’s holdings in Sysco were worth $1,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SYY. Armstrong Advisory Group Inc. grew its holdings in shares of Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Sysco in the 3rd quarter valued at approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in Sysco during the 3rd quarter valued at $31,000. Focused Wealth Management Inc bought a new stake in shares of Sysco in the 3rd quarter worth $37,000. Finally, Fairscale Capital LLC purchased a new position in shares of Sysco in the second quarter worth $38,000. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SYY. Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.93.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $4,846,480. This represents a 26.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the sale, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,306 shares of company stock valued at $6,485,050. Company insiders own 0.54% of the company’s stock.

Sysco Stock Performance

Shares of SYY opened at $73.02 on Friday. The business has a 50-day simple moving average of $76.72 and a two-hundred day simple moving average of $75.77. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The stock has a market cap of $35.87 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.93 and a beta of 1.18.

Sysco (NYSE:SYY) last released its 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 return on equity of 101.04% and a net margin of 2.44%. The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. On average, analysts expect that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The company also recently announced 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 2.79%. The ex-dividend date is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is 52.44%.

Sysco 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.