Prospera Financial Services Inc Has $1.43 Million Stock Position in Sysco Co. (NYSE:SYY)

Prospera Financial Services Inc raised its position in Sysco Co. (NYSE:SYYGet Rating) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,240 shares of the company’s stock after acquiring an additional 767 shares during the period. Prospera Financial Services Inc’s holdings in Sysco were worth $1,432,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SYY. Vontobel Holding Ltd. grew its stake in shares of Sysco by 166.0% in the 1st quarter. Vontobel Holding Ltd. now owns 16,127 shares of the company’s stock valued at $1,338,000 after purchasing an additional 10,065 shares during the period. Sei Investments Co. grew its stake in shares of Sysco by 6.9% in the 1st quarter. Sei Investments Co. now owns 258,746 shares of the company’s stock valued at $21,068,000 after purchasing an additional 16,772 shares during the period. Cetera Investment Advisers grew its stake in shares of Sysco by 12.9% in the 1st quarter. Cetera Investment Advisers now owns 22,139 shares of the company’s stock valued at $1,808,000 after purchasing an additional 2,522 shares during the period. Baird Financial Group Inc. grew its stake in shares of Sysco by 1.0% in the 1st quarter. Baird Financial Group Inc. now owns 659,712 shares of the company’s stock valued at $53,865,000 after purchasing an additional 6,711 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Sysco by 54.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 833 shares of the company’s stock valued at $68,000 after purchasing an additional 295 shares during the period. 81.18% of the stock is currently owned by institutional investors.

Sysco Stock Up 3.2 %

Shares of SYY opened at $78.71 on Monday. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.10 and a beta of 1.11. The company has a debt-to-equity ratio of 9.20, a quick ratio of 0.68 and a current ratio of 1.20. The business’s fifty day moving average price is $81.96 and its two-hundred day moving average price is $81.99. Sysco Co. has a 52 week low of $70.61 and a 52 week high of $91.53.

Sysco (NYSE:SYYGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). The company had revenue of $19.13 billion during the quarter, compared to analyst estimates of $18.63 billion. Sysco had a net margin of 2.03% and a return on equity of 137.76%. On average, analysts predict that Sysco Co. will post 4.16 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 6th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, January 5th. Sysco’s dividend payout ratio (DPR) is currently 69.50%.

Insider Activity

In other news, EVP Greg D. Bertrand sold 12,000 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $85.00, for a total value of $1,020,000.00. Following the transaction, the executive vice president now owns 40,931 shares of the company’s stock, valued at approximately $3,479,135. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Greg D. Bertrand sold 12,000 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $85.00, for a total value of $1,020,000.00. Following the transaction, the executive vice president now owns 40,931 shares of the company’s stock, valued at approximately $3,479,135. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin Hourican sold 75,019 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $81.22, for a total value of $6,093,043.18. Following the sale, the chief executive officer now directly owns 303,643 shares in the company, valued at approximately $24,661,884.46. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SYY. Argus upped their price objective on Sysco from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Morgan Stanley increased their price target on Sysco from $84.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 2nd. Wells Fargo & Company decreased their price target on Sysco from $95.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 4th. Barclays decreased their price target on Sysco from $100.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Finally, Stephens initiated coverage on Sysco in a research report on Thursday, September 22nd. They set an “overweight” rating and a $90.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Sysco Profile

(Get Rating)

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily 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.

Further Reading

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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