Intellectus Partners LLC Buys 1,271 Shares of Sysco Co. (NYSE:SYY)

Intellectus Partners LLC increased its position in Sysco Co. (NYSE:SYY) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,902 shares of the company’s stock after acquiring an additional 1,271 shares during the period. Intellectus Partners LLC’s holdings in Sysco were worth $1,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Sysco by 3.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,045 shares of the company’s stock worth $5,118,000 after acquiring an additional 1,862 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of Sysco by 10.3% in the first quarter. Orion Portfolio Solutions LLC now owns 27,360 shares of the company’s stock valued at $2,221,000 after acquiring an additional 2,552 shares in the last quarter. Cumberland Partners Ltd bought a new position in shares of Sysco in the first quarter worth about $487,000. Banco Santander S.A. purchased a new stake in Sysco during the 1st quarter valued at approximately $438,000. Finally, Mizuho Markets Americas LLC grew its stake in Sysco by 102.1% during the first quarter. Mizuho Markets Americas LLC now owns 139,875 shares of the company’s stock valued at $11,355,000 after acquiring an additional 70,660 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Trading Down 2.2 %

Shares of SYY opened at $74.96 on Friday. 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 firm has a market capitalization of $36.82 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.01 and a beta of 1.20. The company has a 50-day moving average of $76.08 and a 200 day moving average of $74.74. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.89.

Sysco (NYSE:SYY) last announced its quarterly earnings data 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 firm 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 last year, the company earned $1.07 EPS. On average, research analysts expect that Sysco Co. will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

SYY has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Bank of America cut their target price on shares of Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Barclays increased their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company decreased their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $85.77.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction that occurred on 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 directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 7.69 % 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. Insiders own 0.54% of the company’s stock.

Sysco 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.