Lake Street Advisors Group LLC Purchases 332 Shares of Sysco Co. (NYSE:SYY)

Lake Street Advisors Group LLC increased its holdings in Sysco Co. (NYSE:SYY) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,327 shares of the company’s stock after purchasing an additional 332 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Sysco were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TruNorth Capital Management LLC purchased a new stake in Sysco in the second quarter worth $25,000. Armstrong Advisory Group Inc. boosted its stake in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Sysco during the second quarter valued at about $38,000. LRI Investments LLC purchased a new stake in Sysco in the first quarter worth about $45,000. Finally, Livelsberger Financial Advisory bought a new stake in Sysco during the 3rd quarter valued at approximately $47,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.6 %

Sysco stock opened at $73.92 on Friday. Sysco Co. has a 12 month low of $64.28 and a 12 month high of $82.89. The stock has a fifty day simple moving average of $76.42 and a two-hundred day simple moving average of $74.80. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 6.19. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.95 and a beta of 1.20.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $20.56 billion during the quarter, compared to analyst estimates of $20.51 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. Sysco’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 EPS. Equities analysts predict that Sysco Co. will post 4.6 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 4th were paid a $0.51 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.76%. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Analyst Ratings Changes

SYY has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Barclays upped their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Bank of America dropped their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.08.

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.