Sysco Corporation $SYY Position Increased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its holdings in Sysco Corporation (NYSE:SYY) by 40.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,648 shares of the company’s stock after buying an additional 9,053 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Sysco were worth $2,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SYY. Lloyd Advisory Services LLC. purchased a new stake in shares of Sysco during the fourth quarter valued at $25,000. Motiv8 Investments LLC purchased a new stake in Sysco during the fourth quarter valued at about $25,000. Bard Associates Inc. acquired a new position in shares of Sysco in the fourth quarter worth about $27,000. Torren Management LLC acquired a new position in Sysco in the 4th quarter worth approximately $27,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Sysco in the fourth quarter worth $28,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Up 1.4%

Sysco stock opened at $85.23 on Wednesday. The company has a market capitalization of $40.80 billion, a P/E ratio of 23.61, a P/E/G ratio of 3.31 and a beta of 0.64. The firm’s fifty day simple moving average is $79.93 and its 200-day simple moving average is $79.95. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 5.58. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. Sell-side analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Sysco

In related news, Director John M. Hinshaw purchased 13,304 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at $3,021,834. The trade was a 49.46% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of research analyst reports. Guggenheim lowered their price target on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Citigroup reaffirmed a “neutral” rating on shares of Sysco in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target for the company. in a research report on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.00.

Sysco Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.