Caprock Group LLC Makes New Investment in Sysco Co. (NYSE:SYY)

Caprock Group LLC bought a new stake in Sysco Co. (NYSE:SYY - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,738 shares of the company's stock, valued at approximately $1,307,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its stake in Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock valued at $26,000 after purchasing an additional 310 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Sysco in the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC acquired a new position in Sysco in the 2nd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in Sysco in the 3rd quarter valued at about $31,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Sysco during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Activity at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares of the company's stock, valued at $3,638,670.10. This trade represents 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 at this link. Also, Director Sheila Talton sold 2,900 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Sysco Stock Down 1.0 %

NYSE SYY opened at $73.63 on Thursday. The stock has a market cap of $36.17 billion, a PE ratio of 18.93, a P/E/G ratio of 1.95 and a beta of 1.20. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89. The business has a 50 day moving average price of $75.74 and a two-hundred day moving average price of $74.74. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). The business had revenue of $20.48 billion for the quarter, compared to analysts' expectations of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. As a group, sell-side analysts predict that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, January 3rd. Sysco's dividend payout ratio is currently 52.44%.

Wall Street Analyst Weigh In

SYY has been the subject of a number of research analyst reports. Barclays upped their price objective 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. Wells Fargo & Company dropped their price objective on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Finally, StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.77.

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.