Crossmark Global Holdings Inc. Purchases 64,175 Shares of Sysco Co. (NYSE:SYY)

Crossmark Global Holdings Inc. increased its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 48.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,435 shares of the company's stock after buying an additional 64,175 shares during the period. Crossmark Global Holdings Inc.'s holdings in Sysco were worth $15,334,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Sysco by 17.5% in the first quarter. Capital World Investors now owns 10,984,950 shares of the company's stock worth $891,758,000 after purchasing an additional 1,637,232 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 valued at $615,076,000 after buying an additional 1,782,180 shares during the period. Capital Research Global Investors raised its position in shares of Sysco by 112.8% during the first quarter. Capital Research Global Investors now owns 6,612,092 shares of the company's stock worth $536,770,000 after acquiring an additional 3,504,740 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Sysco by 49.8% in the second quarter. Diamond Hill Capital Management Inc. now owns 6,012,607 shares of the company's stock worth $429,240,000 after acquiring an additional 1,997,895 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Sysco by 103.0% in the second quarter. ProShare Advisors LLC now owns 4,746,176 shares of the company's stock valued at $338,830,000 after acquiring an additional 2,408,226 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Stock Up 0.7 %

SYY stock traded up $0.52 during trading on Friday, reaching $77.39. The stock had a trading volume of 2,237,182 shares, compared to its average volume of 3,353,991. Sysco Co. has a one year low of $66.27 and a one year high of $82.89. The company's 50 day moving average is $76.14 and its two-hundred day moving average is $74.74. The company has a market capitalization of $38.02 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. Equities research analysts forecast that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 4th were paid a $0.51 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.04 annualized dividend and a yield of 2.64%. Sysco's payout ratio is 52.44%.

Analyst Ratings Changes

SYY has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Sysco from $91.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Barclays increased their price target 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 dropped their price objective on Sysco from $91.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, July 18th. StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 21st. Finally, Morgan Stanley dropped their price target on Sysco from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Sysco currently has a consensus rating of "Moderate Buy" and an average price target of $85.77.

Insider Transactions at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now owns 48,451 shares of the company's stock, valued at $3,638,670.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

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.