National Pension Service increased its stake in Sysco Co. (NYSE:SYY - Free Report) by 15.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,237,017 shares of the company's stock after buying an additional 166,798 shares during the quarter. National Pension Service owned about 0.25% of Sysco worth $96,562,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Plimoth Trust Co. LLC grew its stake in shares of Sysco by 0.6% in the second quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company's stock valued at $1,610,000 after buying an additional 139 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in Sysco by 1.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,362 shares of the company's stock worth $679,000 after purchasing an additional 141 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in Sysco by 3.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company's stock worth $383,000 after purchasing an additional 146 shares during the last quarter. NorthRock Partners LLC increased its holdings in Sysco by 3.7% during the 1st quarter. NorthRock Partners LLC now owns 4,121 shares of the company's stock worth $335,000 after purchasing an additional 147 shares during the last quarter. Finally, Powers Advisory Group LLC increased its holdings in Sysco by 1.6% during the 2nd quarter. Powers Advisory Group LLC now owns 9,555 shares of the company's stock worth $682,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.
In other news, SVP Eve M. Mcfadden sold 4,036 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the sale, the senior vice president now owns 48,451 shares of the company's stock, valued at approximately $3,638,670.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.
NYSE:SYY opened at $76.35 on Wednesday. Sysco Co. has a 12-month low of $66.27 and a 12-month high of $82.89. The firm has a market capitalization of $37.51 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.97 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 0.73. The business has a 50 day simple moving average of $76.16 and a 200 day simple moving average of $74.72.
Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. During the same quarter last year, the firm posted $1.07 EPS. The company's revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Sysco Co. will post 4.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were given a dividend of $0.51 per share. The ex-dividend date was Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.67%. Sysco's dividend payout ratio (DPR) is presently 52.44%.
SYY has been the topic of several analyst reports. Barclays lifted their price objective on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Bank of America lowered their price target on Sysco from $91.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, July 18th. StockNews.com downgraded Sysco from a "strong-buy" rating to a "buy" rating in a report on Monday, October 21st. Morgan Stanley lowered their price target on Sysco from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Tuesday, July 16th. Finally, Wells Fargo & Company lowered their price target on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Sysco has a consensus rating of "Moderate Buy" and a consensus target price of $85.77.
Get Our Latest Research Report on Sysco
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.
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