Aaron Wealth Advisors LLC Takes Position in Sysco Co. (NYSE:SYY)

Aaron Wealth Advisors LLC purchased a new position in Sysco Co. (NYSE:SYY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,731 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SYY. TruNorth Capital Management LLC purchased a new position in shares of Sysco in the second quarter worth approximately $25,000. Armstrong Advisory Group Inc. grew its position in 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 purchasing an additional 310 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Sysco during the 1st quarter valued at $31,000. Fairscale Capital LLC purchased a new stake in shares of Sysco in the second quarter valued at $38,000. Finally, LRI Investments LLC acquired a new stake in shares of Sysco in the first quarter worth $45,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Up 0.2 %

SYY stock opened at $75.54 on Friday. 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 $37.62 billion, a PE ratio of 18.42, a PEG ratio of 1.96 and a beta of 1.20. Sysco Co. has a 1 year low of $64.28 and a 1 year high of $82.89. The company has a fifty day simple moving average of $76.55 and a 200 day simple moving average of $74.89.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The company had revenue of $20.56 billion during the quarter, compared to the consensus estimate of $20.51 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, October 4th. Sysco’s dividend payout ratio is 49.76%.

Wall Street Analyst Weigh In

SYY has been the subject of several research analyst reports. Barclays increased their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Bank of America decreased their price target on shares of Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Morgan Stanley dropped their price objective on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.08.

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.