Sei Investments Co. Raises Stake in SYSCO Co. (SYY)

Sei Investments Co. lifted its position in shares of SYSCO Co. (NYSE:SYY) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 283,067 shares of the company’s stock after purchasing an additional 3,936 shares during the quarter. Sei Investments Co. owned about 0.05% of SYSCO worth $17,191,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of SYY. Griffin Asset Management Inc. purchased a new stake in shares of SYSCO during the 2nd quarter worth about $2,912,000. Curbstone Financial Management Corp grew its holdings in shares of SYSCO by 104.1% during the 3rd quarter. Curbstone Financial Management Corp now owns 34,960 shares of the company’s stock worth $1,886,000 after purchasing an additional 17,830 shares during the period. Eqis Capital Management Inc. grew its holdings in shares of SYSCO by 10.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 16,424 shares of the company’s stock worth $886,000 after purchasing an additional 1,561 shares during the period. Shell Asset Management Co. grew its holdings in shares of SYSCO by 36.7% during the 3rd quarter. Shell Asset Management Co. now owns 337,496 shares of the company’s stock worth $12,808,000 after purchasing an additional 90,649 shares during the period. Finally, Hermes Investment Management Ltd. grew its holdings in shares of SYSCO by 1.6% during the 3rd quarter. Hermes Investment Management Ltd. now owns 689,631 shares of the company’s stock worth $37,206,000 after purchasing an additional 10,972 shares during the period. Institutional investors and hedge funds own 77.72% of the company’s stock.

In other SYSCO news, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $56.66, for a total value of $883,896.00. Following the transaction, the insider now directly owns 56,985 shares of the company’s stock, valued at approximately $3,228,770.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William W. Goetz sold 11,323 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total value of $702,026.00. Following the completion of the transaction, the senior vice president now directly owns 35,825 shares in the company, valued at $2,221,150. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,695 shares of company stock worth $8,759,223. 9.60% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on SYY. Morgan Stanley upgraded SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 target price for the company in a report on Tuesday, January 16th. Zacks Investment Research cut SYSCO from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group set a $67.00 price target on SYSCO and gave the stock a “hold” rating in a report on Monday, February 5th. BMO Capital Markets set a $74.00 price target on SYSCO and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Loop Capital upped their price target on SYSCO from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $65.20.

SYSCO Co. (NYSE SYY) opened at $60.00 on Tuesday. The firm has a market capitalization of $31,260.00, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 2.01 and a beta of 0.56. SYSCO Co. has a fifty-two week low of $48.85 and a fifty-two week high of $64.27. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.85.

SYSCO (NYSE:SYY) last released its quarterly earnings results on Monday, February 5th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. SYSCO had a return on equity of 61.02% and a net margin of 2.10%. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $14.15 billion. During the same quarter in the prior year, the business earned $0.58 EPS. SYSCO’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts forecast that SYSCO Co. will post 2.95 earnings per share for the current year.

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SYSCO Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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