Transamerica Financial Advisors Inc. Has $184,000 Holdings in Sysco Co. (NYSE:SYY)

Transamerica Financial Advisors Inc. raised its holdings in shares of Sysco Co. (NYSE:SYY) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,346 shares of the company’s stock after buying an additional 383 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Sysco were worth $184,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in shares of Sysco during the third quarter worth approximately $98,000. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Sysco by 0.6% during the third quarter. Summit Financial Wealth Advisors LLC now owns 101,774 shares of the company’s stock worth $7,944,000 after buying an additional 651 shares during the last quarter. West Tower Group LLC bought a new stake in shares of Sysco during the third quarter valued at approximately $273,000. Associated Banc Corp increased its position in shares of Sysco by 0.7% during the third quarter. Associated Banc Corp now owns 281,022 shares of the company’s stock valued at $21,937,000 after purchasing an additional 2,024 shares during the period. Finally, Hancock Whitney Corp increased its position in shares of Sysco by 0.5% during the third quarter. Hancock Whitney Corp now owns 39,601 shares of the company’s stock valued at $3,091,000 after purchasing an additional 197 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYY. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company lowered their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Barclays boosted their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group boosted their price objective on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.77.

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Sysco Price Performance

Shares of SYY stock opened at $76.65 on Thursday. The stock’s fifty day moving average is $75.70 and its 200-day moving average is $74.76. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a market capitalization of $37.65 billion, a PE ratio of 19.70, a PEG ratio of 2.02 and a beta of 1.20. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89.

Sysco (NYSE:SYY) last announced 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 the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. Sysco’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. Equities research analysts expect that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, January 3rd. Sysco’s payout ratio is presently 52.44%.

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.