Compass Wealth Management LLC Has $1.08 Million Stock Position in Sysco Corporation $SYY

Compass Wealth Management LLC grew its holdings in Sysco Corporation (NYSE:SYY) by 181.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,135 shares of the company’s stock after acquiring an additional 8,470 shares during the quarter. Compass Wealth Management LLC’s holdings in Sysco were worth $1,082,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Chung Wu Investment Group LLC bought a new stake in shares of Sysco in the second quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new stake in Sysco during the second quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC increased its stake in Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after acquiring an additional 204 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Sysco by 234.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $35,000 after acquiring an additional 321 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Trading Down 0.7%

Shares of Sysco stock opened at $75.67 on Tuesday. The firm’s 50 day moving average is $74.98 and its 200 day moving average is $77.73. The firm has a market capitalization of $36.23 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.61. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. Equities research analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio is presently 57.91%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup reduced their target price on Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Morgan Stanley reduced their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Sanford C. Bernstein assumed coverage on shares of Sysco in a report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $85.75.

Sysco Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.