3,346 Shares in Sysco Co. (NYSE:SYY) Acquired by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. acquired a new position in shares of Sysco Co. (NYSE:SYY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,346 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new stake in Sysco during the fourth quarter worth $26,000. Verity & Verity LLC acquired a new stake in Sysco during the first quarter worth $26,000. AdvisorNet Financial Inc increased its stake in Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in Sysco during the fourth quarter worth $30,000. Finally, OFI Invest Asset Management acquired a new stake in Sysco during the first quarter worth $31,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 1.2 %

NYSE SYY traded up $0.90 during trading on Friday, reaching $76.71. 3,313,141 shares of the company’s stock were exchanged, compared to its average volume of 3,000,702. The stock has a market cap of $38.20 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The company has a debt-to-equity ratio of 6.19, a quick ratio of 0.77 and a current ratio of 1.20. The company has a 50 day moving average price of $72.47 and a two-hundred day moving average price of $76.09. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $20.56 billion during the quarter, compared to the consensus estimate of $20.51 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. Sysco’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. On average, equities research analysts anticipate that Sysco Co. will post 4.59 EPS for the current fiscal year.

Analysts Set New Price Targets

SYY has been the subject of a number of research reports. UBS Group dropped their price objective on Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Guggenheim raised Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. BMO Capital Markets dropped their price objective on Sysco from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd. Finally, Barclays lifted their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.27.

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.