Signature Estate & Investment Advisors LLC Has $176,000 Stake in SYSCO Co. (NYSE:SYY)

Signature Estate & Investment Advisors LLC decreased its position in SYSCO Co. (NYSE:SYY) by 46.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,493 shares of the company’s stock after selling 2,164 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in SYSCO were worth $176,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 6 Meridian increased its position in shares of SYSCO by 1.8% during the second quarter. 6 Meridian now owns 7,760 shares of the company’s stock worth $549,000 after acquiring an additional 140 shares in the last quarter. Security National Trust Co. increased its position in shares of SYSCO by 6.4% during the first quarter. Security National Trust Co. now owns 2,500 shares of the company’s stock worth $167,000 after acquiring an additional 150 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of SYSCO by 3.4% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,623 shares of the company’s stock worth $327,000 after acquiring an additional 150 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of SYSCO by 27.0% during the second quarter. Cornerstone Advisors Inc. now owns 733 shares of the company’s stock worth $52,000 after acquiring an additional 156 shares in the last quarter. Finally, Cable Hill Partners LLC increased its position in shares of SYSCO by 11.8% during the first quarter. Cable Hill Partners LLC now owns 1,520 shares of the company’s stock worth $101,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 78.30% of the company’s stock.

SYY has been the subject of several recent research reports. Loop Capital boosted their target price on shares of SYSCO to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Consumer Edge initiated coverage on shares of SYSCO in a research report on Wednesday, July 17th. They set an “underweight” rating and a $71.75 target price for the company. ValuEngine raised shares of SYSCO from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Zacks Investment Research downgraded shares of SYSCO from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research report on Tuesday, June 11th. Finally, Credit Suisse Group boosted their target price on shares of SYSCO from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.48.



SYSCO stock traded up $0.70 during midday trading on Friday, hitting $72.95. 50,867 shares of the stock were exchanged, compared to its average volume of 3,173,271. SYSCO Co. has a 52-week low of $59.44 and a 52-week high of $75.98. The stock has a market capitalization of $37.71 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.96 and a beta of 0.52. The business’s 50-day moving average price is $70.90 and its 200-day moving average price is $69.65. The company has a quick ratio of 0.79, a current ratio of 1.33 and a debt-to-equity ratio of 3.25.

SYSCO (NYSE:SYY) last released its quarterly earnings results on Monday, August 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. SYSCO had a net margin of 2.79% and a return on equity of 76.80%. The business had revenue of $15.47 billion for the quarter, compared to analysts’ expectations of $15.65 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts predict that SYSCO Co. will post 3.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, October 3rd. SYSCO’s dividend payout ratio (DPR) is presently 43.94%.

SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

Recommended Story: How does a reverse stock split work?

Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SYSCO Co. (NYSE:SYY).

Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.