8,400 Shares in Sysco Co. (NYSE:SYY) Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new stake in Sysco Co. (NYSE:SYY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,400 shares of the company's stock, valued at approximately $642,000.

Several other large investors also recently added to or reduced their stakes in SYY. State Street Corp lifted its stake in shares of Sysco by 11.1% in the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company's stock valued at $2,130,617,000 after purchasing an additional 2,721,449 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Sysco by 26.1% in the second quarter. Ameriprise Financial Inc. now owns 8,623,178 shares of the company's stock worth $615,076,000 after buying an additional 1,782,180 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Sysco by 11.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock worth $521,874,000 after acquiring an additional 672,940 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Sysco by 9.7% during the 3rd quarter. Primecap Management Co. CA now owns 4,796,439 shares of the company's stock valued at $374,410,000 after acquiring an additional 422,954 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its stake in shares of Sysco by 8.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 4,790,665 shares of the company's stock valued at $366,789,000 after acquiring an additional 375,409 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 2,900 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the transaction, the director now owns 12,955 shares of the company's stock, valued at $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the transaction, the executive vice president now owns 60,581 shares in the company, valued at approximately $4,846,480. This represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,306 shares of company stock worth $6,485,050. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SYY shares. Jefferies Financial Group upped their target price on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price on the stock. Melius Research upgraded shares of Sysco to a "hold" rating in a report on Wednesday, December 18th. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Sysco from a "buy" rating to a "strong-buy" rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.93.

Sysco Price Performance

Shares of NYSE:SYY traded up $0.15 during trading on Wednesday, reaching $74.09. The stock had a trading volume of 2,853,933 shares, compared to its average volume of 2,120,048. The stock has a market capitalization of $36.39 billion, a PE ratio of 19.05, a P/E/G ratio of 2.10 and a beta of 1.18. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The business's 50-day moving average price is $76.94 and its 200 day moving average price is $75.78.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 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 during the quarter, compared to analyst estimates of $20.47 billion. During the same period in the prior year, the firm posted $1.07 EPS. Sysco's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, January 3rd. Sysco's dividend payout ratio is presently 52.44%.

About 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.