Livelsberger Financial Advisory Invests $47,000 in Sysco Co. (NYSE:SYY)

Livelsberger Financial Advisory purchased a new position in Sysco Co. (NYSE:SYY) in the third quarter, Holdings Channel.com reports. The firm purchased 602 shares of the company’s stock, valued at approximately $47,000. Sysco makes up approximately 1.0% of Livelsberger Financial Advisory’s investment portfolio, making the stock its 29th biggest holding.

Other institutional investors have also bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in shares of Sysco in the 2nd quarter valued at about $25,000. Armstrong Advisory Group Inc. increased its position in shares of Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 310 shares during the period. OFI Invest Asset Management purchased a new position in shares of Sysco during the first quarter worth approximately $31,000. Fairscale Capital LLC purchased a new position in Sysco during the second quarter valued at approximately $38,000. Finally, LRI Investments LLC purchased a new position in Sysco during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.5 %

Shares of SYY traded down $0.36 during midday trading on Monday, reaching $75.18. The stock had a trading volume of 1,184,667 shares, compared to its average volume of 3,154,055. Sysco Co. has a 1-year low of $64.28 and a 1-year high of $82.89. The company’s fifty day simple moving average is $76.55 and its two-hundred day simple moving average is $74.85. The company has a market cap of $36.93 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The business had revenue of $20.56 billion for the quarter, compared to analyst estimates of $20.51 billion. During the same period last year, the business earned $1.34 EPS. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Sysco Co. will post 4.6 earnings per share for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.04 annualized dividend and a yield of 2.71%. Sysco’s dividend payout ratio is currently 52.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays raised their target price on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Bank of America cut their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their target price on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.08.

Sysco 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.