SYSCO Co. (SYY) Stake Boosted by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its position in SYSCO Co. (NYSE:SYY) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,276,847 shares of the company’s stock after acquiring an additional 32,198 shares during the period. Guggenheim Capital LLC owned 0.25% of SYSCO worth $76,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new position in shares of SYSCO in the 1st quarter valued at $129,000. Valeo Financial Advisors LLC increased its position in shares of SYSCO by 98.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,267 shares of the company’s stock valued at $138,000 after acquiring an additional 1,126 shares during the period. Bedel Financial Consulting Inc. acquired a new position in shares of SYSCO in the 1st quarter valued at $145,000. Centerpoint Advisors LLC acquired a new position in shares of SYSCO in the 1st quarter valued at $149,000. Finally, Johnson Financial Group Inc. increased its position in shares of SYSCO by 77.2% in the 1st quarter. Johnson Financial Group Inc. now owns 3,030 shares of the company’s stock valued at $182,000 after acquiring an additional 1,320 shares during the period. 80.02% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:SYY opened at $65.89 on Thursday. SYSCO Co. has a one year low of $48.85 and a one year high of $66.63. The company has a debt-to-equity ratio of 3.76, a quick ratio of 0.90 and a current ratio of 1.44. The firm has a market capitalization of $34.60 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57.

SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, May 7th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. SYSCO had a net margin of 2.23% and a return on equity of 64.33%. The company had revenue of $14.35 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. sell-side analysts anticipate that SYSCO Co. will post 2.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, July 6th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, July 5th. SYSCO’s payout ratio is 58.06%.

In other news, Director Richard G. Tilghman sold 5,000 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $60.62, for a total transaction of $303,100.00. Following the sale, the director now directly owns 85,864 shares of the company’s stock, valued at approximately $5,205,075.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul T. Moskowitz sold 30,667 shares of the stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $62.50, for a total transaction of $1,916,687.50. Following the sale, the insider now directly owns 58,329 shares in the company, valued at $3,645,562.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,333 shares of company stock worth $4,510,995. 9.60% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on the company. Citigroup upped their target price on SYSCO from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, March 27th. Zacks Investment Research downgraded SYSCO from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Credit Suisse Group assumed coverage on SYSCO in a research report on Tuesday, April 17th. They issued an “outperform” rating and a $68.00 target price on the stock. Pivotal Research set a $58.00 target price on SYSCO and gave the company a “hold” rating in a research report on Tuesday, May 8th. Finally, Morgan Stanley reissued a “hold” rating and issued a $61.00 target price (down from $64.00) on shares of SYSCO in a research report on Tuesday, May 8th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.64.

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 in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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