KKM Financial LLC Has $2.37 Million Stock Position in Sysco Co. (NYSE:SYY)

KKM Financial LLC increased its position in shares of Sysco Co. (NYSE:SYY) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,415 shares of the company’s stock after buying an additional 1,840 shares during the period. KKM Financial LLC’s holdings in Sysco were worth $2,374,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Armstrong Advisory Group Inc. boosted its holdings 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 during the period. Ashton Thomas Securities LLC bought a new stake in shares of Sysco during the 3rd quarter worth $26,000. TruNorth Capital Management LLC bought a new stake in shares of Sysco during the 2nd quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Sysco during the 3rd quarter worth $31,000. Finally, Focused Wealth Management Inc bought a new stake in shares of Sysco during the 3rd quarter worth $37,000. 83.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Sysco

In other news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction that occurred 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 sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Sysco Trading Up 0.9 %

SYY opened at $75.79 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The stock has a market capitalization of $37.23 billion, a PE ratio of 19.48, a PEG ratio of 1.97 and a beta of 1.20. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89. The firm has a 50-day moving average price of $75.69 and a two-hundred day moving average price of $74.74.

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

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, January 3rd. Sysco’s payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SYY. Barclays upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased 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. 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 report on Wednesday, September 25th. Wells Fargo & Company reduced their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average price target of $85.77.

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.