OneDigital Investment Advisors LLC Buys 556 Shares of Sysco Co. (NYSE:SYY)

OneDigital Investment Advisors LLC grew its stake in shares of Sysco Co. (NYSE:SYY) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,359 shares of the company’s stock after buying an additional 556 shares during the period. OneDigital Investment Advisors LLC’s holdings in Sysco were worth $1,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYY. Lifeworks Advisors LLC purchased a new stake in Sysco in the 3rd quarter worth approximately $227,000. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Sysco by 2.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,723 shares of the company’s stock worth $1,305,000 after purchasing an additional 429 shares during the period. Cable Hill Partners LLC raised its position in shares of Sysco by 3.9% in the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after buying an additional 152 shares in the last quarter. Main Street Financial Solutions LLC boosted its stake in Sysco by 43.1% during the third quarter. Main Street Financial Solutions LLC now owns 13,170 shares of the company’s stock valued at $1,028,000 after buying an additional 3,968 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Sysco by 1.5% during the third quarter. Oppenheimer & Co. Inc. now owns 48,080 shares of the company’s stock worth $3,753,000 after buying an additional 695 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were 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 in the company, valued at $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Sysco Trading Down 0.0 %

NYSE:SYY opened at $74.95 on Monday. The firm has a market capitalization of $36.82 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.97 and a beta of 1.20. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The company has a fifty day moving average of $75.93 and a 200 day moving average of $74.74.

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

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.