Sysco Co. (NYSE:SYY) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its holdings in Sysco Co. (NYSE:SYY) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,806 shares of the company’s stock after buying an additional 190 shares during the period. Aptus Capital Advisors LLC’s holdings in Sysco were worth $375,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Sysco by 17.5% in the first quarter. Capital World Investors now owns 10,984,950 shares of the company’s stock worth $891,758,000 after acquiring an additional 1,637,232 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Sysco by 26.1% in the second quarter. Ameriprise Financial Inc. now owns 8,623,178 shares of the company’s stock worth $615,076,000 after purchasing an additional 1,782,180 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Sysco by 11.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock worth $521,874,000 after purchasing an additional 672,940 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Sysco by 112.8% in the first quarter. Capital Research Global Investors now owns 6,612,092 shares of the company’s stock worth $536,770,000 after purchasing an additional 3,504,740 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Sysco by 103.0% in the second quarter. ProShare Advisors LLC now owns 4,746,176 shares of the company’s stock worth $338,830,000 after purchasing an additional 2,408,226 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the business’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 transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Sysco Stock Performance

NYSE SYY opened at $74.95 on Friday. The stock’s fifty day moving average is $76.00 and its two-hundred day moving average is $74.74. The firm has a market capitalization of $36.82 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SYY. JPMorgan Chase & Co. raised their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company reduced their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Barclays raised their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.77.

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.