Sysco Co. (NYSE:SYY) Shares Acquired by Kerusso Capital Management LLC

Kerusso Capital Management LLC lifted its stake in Sysco Co. (NYSE:SYY - Free Report) by 119.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,969 shares of the company's stock after purchasing an additional 21,770 shares during the period. Sysco accounts for approximately 2.0% of Kerusso Capital Management LLC's holdings, making the stock its 20th largest position. Kerusso Capital Management LLC's holdings in Sysco were worth $3,056,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SYY. AMF Tjanstepension AB increased its stake in Sysco by 185.5% in the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company's stock worth $2,446,000 after buying an additional 20,356 shares in the last quarter. Creative Planning increased its stake in Sysco by 3.6% in the 3rd quarter. Creative Planning now owns 196,876 shares of the company's stock worth $15,368,000 after buying an additional 6,814 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Sysco by 9.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,139 shares of the company's stock worth $4,773,000 after buying an additional 5,213 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Sysco by 40.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,058 shares of the company's stock worth $551,000 after buying an additional 2,039 shares in the last quarter. Finally, Claro Advisors LLC purchased a new stake in Sysco in the 3rd quarter worth $250,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SYY shares. Melius Research upgraded Sysco to a "hold" rating in a research 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. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.38.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the sale, the senior vice president now owns 48,451 shares of the company's stock, valued at $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is currently owned by insiders.

Sysco Trading Up 0.6 %

NYSE SYY traded up $0.43 during trading on Thursday, hitting $71.12. The stock had a trading volume of 6,024,430 shares, compared to its average volume of 3,716,798. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The stock has a market capitalization of $34.79 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.85 and a beta of 1.17. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The stock has a 50 day simple moving average of $74.27 and a 200 day simple moving average of $75.72.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the business earned $0.89 EPS. Sell-side analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

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.