Creative Financial Designs Inc. ADV Has $884,000 Position in Sysco Co. (NYSE:SYY)

Creative Financial Designs Inc. ADV lifted its stake in Sysco Co. (NYSE:SYY) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,320 shares of the company’s stock after acquiring an additional 571 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Sysco were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SYY. Allspring Global Investments Holdings LLC grew its stake in shares of Sysco by 23.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 500,562 shares of the company’s stock valued at $40,636,000 after buying an additional 94,231 shares in the last quarter. Norden Group LLC bought a new position in shares of Sysco during the 1st quarter valued at $434,000. Van ECK Associates Corp lifted its stake in shares of Sysco by 9.3% in the 1st quarter. Van ECK Associates Corp now owns 68,097 shares of the company’s stock valued at $5,528,000 after purchasing an additional 5,781 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Sysco by 10.9% in the first quarter. Sequoia Financial Advisors LLC now owns 18,329 shares of the company’s stock worth $1,488,000 after purchasing an additional 1,797 shares in the last quarter. Finally, Mission Wealth Management LP increased its position in Sysco by 28.1% during the first quarter. Mission Wealth Management LP now owns 7,128 shares of the company’s stock worth $579,000 after buying an additional 1,564 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Up 0.1 %

Shares of Sysco stock opened at $75.03 on Friday. Sysco Co. has a 52-week low of $65.19 and a 52-week high of $82.89. The firm has a market capitalization of $36.86 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.69. The company’s fifty day moving average price is $76.19 and its two-hundred day moving average price is $74.74.

Sysco (NYSE:SYY) last posted its quarterly earnings results 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 business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS. On average, analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, October 4th. Sysco’s dividend payout ratio (DPR) is 52.44%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Bank of America decreased their price objective 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. Finally, Wells Fargo & Company dropped their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.77.

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.