FSA Wealth Management LLC Invests $78,000 in Sysco Co. (NYSE:SYY)

FSA Wealth Management LLC bought a new stake in shares of Sysco Co. (NYSE:SYY) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 993 shares of the company’s stock, valued at approximately $78,000.

Several other institutional investors have also bought and sold shares of the stock. TruNorth Capital Management LLC purchased a new stake in shares of Sysco in the second quarter valued at about $25,000. Armstrong Advisory Group Inc. lifted its position 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 worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Sysco in the third quarter valued at approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco during the third quarter valued at approximately $31,000. Finally, Focused Wealth Management Inc bought a new stake in Sysco during the third quarter worth $37,000. Institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Jefferies Financial Group increased their price target on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company reduced their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and an average target price of $85.77.

Sysco Trading Up 0.6 %

Shares of SYY stock opened at $77.11 on Monday. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. The company’s fifty day simple moving average is $75.78 and its two-hundred day simple moving average is $74.77. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock has a market capitalization of $37.88 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.03 and a beta of 1.20.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.65%. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Insider Activity at Sysco

In other Sysco news, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction on 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 $966,831.65. This trade represents a 18.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the company’s 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 transaction, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.