Janus Henderson Group PLC Buys 168,163 Shares of Sysco Co. (NYSE:SYY)

Janus Henderson Group PLC raised its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,265,723 shares of the company's stock after acquiring an additional 168,163 shares during the period. Janus Henderson Group PLC owned approximately 0.87% of Sysco worth $332,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of SYY. ProShare Advisors LLC raised its holdings in Sysco by 103.0% during the 2nd quarter. ProShare Advisors LLC now owns 4,746,176 shares of the company's stock valued at $338,830,000 after buying an additional 2,408,226 shares during the period. Diamond Hill Capital Management Inc. increased its stake in 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 purchasing an additional 1,997,895 shares during the period. Ameriprise Financial Inc. increased its stake in 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 purchasing an additional 1,782,180 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Sysco in the third quarter worth $137,900,000. Finally, Primecap Management Co. CA increased its stake in Sysco by 37.5% in the second quarter. Primecap Management Co. CA now owns 4,373,485 shares of the company's stock worth $312,223,000 after purchasing an additional 1,192,650 shares during the period. Hedge funds and other institutional investors own 83.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYY. JPMorgan Chase & Co. increased their price target on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Wells Fargo & Company dropped their price objective on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. StockNews.com downgraded Sysco from a "strong-buy" rating to a "buy" rating in a report on Monday, October 21st. Finally, Jefferies Financial Group raised their price objective on Sysco from $91.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.77.

Sysco Trading Up 1.1 %

Shares of SYY stock traded up $0.88 on Wednesday, hitting $80.37. The stock had a trading volume of 3,748,783 shares, compared to its average volume of 3,140,873. The company's 50 day moving average price is $75.92 and its 200-day moving average price is $74.84. The firm has a market capitalization of $39.48 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.00 and a beta of 1.19. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. 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 (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 the consensus estimate of $1.13 by ($0.04). The company had revenue of $20.48 billion for the quarter, compared to analysts' expectations of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. Analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.54%. Sysco's dividend payout ratio (DPR) is 52.44%.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were 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 approximately $966,831.65. The trade was 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 hyperlink. Also, 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 completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

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.