Orion Portfolio Solutions LLC Has $3.32 Million Holdings in Sysco Co. (NYSE:SYY)

Orion Portfolio Solutions LLC grew its stake in Sysco Co. (NYSE:SYY - Free Report) by 17.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,489 shares of the company's stock after purchasing an additional 6,433 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Sysco were worth $3,317,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. TruNorth Capital Management LLC acquired a new stake in shares of Sysco in the second quarter valued at approximately $25,000. Armstrong Advisory Group Inc. boosted its holdings in 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 buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Sysco during the third quarter worth approximately $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco during the third quarter worth approximately $31,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of Sysco in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Price Performance

Shares of NYSE:SYY traded down $0.47 during trading on Wednesday, reaching $80.35. The stock had a trading volume of 2,101,119 shares, compared to its average volume of 3,162,392. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The business's 50-day moving average price is $76.18 and its 200 day moving average price is $75.05. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock has a market capitalization of $39.47 billion, a PE ratio of 20.81, a P/E/G ratio of 2.12 and a beta of 1.19.

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

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco's dividend payout ratio is presently 52.44%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SYY. Jefferies Financial Group upped their price target on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. JPMorgan Chase & Co. raised 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. 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 equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.77.

Insiders Place Their Bets

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the sale, the senior vice president now directly owns 48,451 shares of the company's stock, valued at $3,876,080. The trade was a 11.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the sale, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. This trade represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,279 shares of company stock valued at $2,786,971. Company insiders own 0.54% of the company's stock.

Sysco Company 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.