RPg Family Wealth Advisory LLC Makes New $3.15 Million Investment in Sysco Co. (NYSE:SYY)

RPg Family Wealth Advisory LLC purchased a new position in Sysco Co. (NYSE:SYYGet Rating) in the 1st quarter, HoldingsChannel reports. The fund purchased 38,332 shares of the company’s stock, valued at approximately $3,148,000. Sysco comprises approximately 1.3% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 27th biggest position.

Other institutional investors have also modified their holdings of the company. CWM LLC acquired a new position in shares of Sysco during the fourth quarter worth $298,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Sysco by 52.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 90,654 shares of the company’s stock worth $7,120,000 after purchasing an additional 31,221 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sysco by 23.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,339 shares of the company’s stock worth $7,882,000 after purchasing an additional 19,227 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Sysco by 14.4% during the fourth quarter. Fifth Third Bancorp now owns 268,829 shares of the company’s stock worth $21,117,000 after purchasing an additional 33,893 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in shares of Sysco by 3.8% during the fourth quarter. RFG Advisory LLC now owns 4,674 shares of the company’s stock worth $367,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 80.64% of the company’s stock.

Sysco Trading Down 0.0 %

NYSE SYY opened at $86.25 on Friday. The stock has a market capitalization of $43.94 billion, a P/E ratio of 44.46, a P/E/G ratio of 2.22 and a beta of 1.02. Sysco Co. has a 52-week low of $68.05 and a 52-week high of $91.53. The firm has a 50-day moving average price of $84.59 and a 200 day moving average price of $83.27. The company has a quick ratio of 0.72, a current ratio of 1.24 and a debt-to-equity ratio of 8.03.

Sysco (NYSE:SYYGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. The firm had revenue of $16.90 billion during the quarter, compared to analysts’ expectations of $15.99 billion. Sysco had a net margin of 1.52% and a return on equity of 100.62%. The firm’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. Equities research analysts expect that Sysco Co. will post 3.23 EPS for the current year.

Insider Buying and Selling

In related news, CFO Aaron E. Alt bought 1,000 shares of the stock in a transaction on Tuesday, June 21st. The shares were bought at an average cost of $80.09 per share, for a total transaction of $80,090.00. Following the completion of the transaction, the chief financial officer now owns 14,220 shares of the company’s stock, valued at approximately $1,138,879.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SYY shares. Barclays boosted their target price on shares of Sysco from $97.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. upgraded shares of Sysco from a “neutral” rating to an “overweight” rating and set a $98.00 price objective for the company in a research note on Thursday, May 26th. Credit Suisse Group upped their price objective on shares of Sysco from $97.00 to $107.00 in a research note on Wednesday, May 11th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 14th. Finally, Morgan Stanley upped their price objective on shares of Sysco from $86.00 to $94.00 in a research note on Wednesday, May 11th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

About Sysco

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Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily 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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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