World Investment Advisors LLC Invests $610,000 in Sysco Co. (NYSE:SYY)

World Investment Advisors LLC bought a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,811 shares of the company's stock, valued at approximately $610,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYY. First Citizens Bank & Trust Co. raised its holdings in Sysco by 3.1% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 11,509 shares of the company's stock worth $822,000 after purchasing an additional 342 shares during the period. Focus Financial Network Inc. increased its position in Sysco by 56.4% in the second quarter. Focus Financial Network Inc. now owns 5,044 shares of the company's stock worth $379,000 after buying an additional 1,818 shares in the last quarter. Krilogy Financial LLC lifted its position in shares of Sysco by 23.7% during the 2nd quarter. Krilogy Financial LLC now owns 14,024 shares of the company's stock valued at $1,001,000 after buying an additional 2,689 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Sysco by 6.8% during the 2nd quarter. Fifth Third Bancorp now owns 284,429 shares of the company's stock valued at $20,305,000 after acquiring an additional 18,171 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Sysco by 66.9% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 10,642 shares of the company's stock worth $760,000 after acquiring an additional 4,265 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of Sysco stock traded down $1.22 on Tuesday, reaching $78.03. The company's stock had a trading volume of 3,232,427 shares, compared to its average volume of 3,149,575. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.89. The company has a market capitalization of $38.33 billion, a P/E ratio of 20.37, a PEG ratio of 2.10 and a beta of 1.19. 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 stock has a 50-day moving average price of $76.49 and a 200-day moving average price of $75.27.

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

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be issued a $0.51 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.61%. Sysco's dividend payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SYY shares. JPMorgan Chase & Co. lifted their target price 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. Jefferies Financial Group boosted their price objective on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday. Wells Fargo & Company cut their target price on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com raised Sysco from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.00.

Insider Buying and Selling

In related news, Director Sheila Talton sold 2,900 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now directly owns 48,451 shares of the company's stock, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,279 shares of company stock worth $2,786,971. 0.54% of the stock is owned by corporate insiders.

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.