Natixis Advisors LLC Increases Holdings in Sysco Co. (NYSE:SYY)

Natixis Advisors LLC increased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 671,657 shares of the company's stock after purchasing an additional 105,071 shares during the period. Natixis Advisors LLC owned approximately 0.14% of Sysco worth $52,430,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Sysco by 17.5% during the first quarter. Capital World Investors now owns 10,984,950 shares of the company's stock valued at $891,758,000 after buying an additional 1,637,232 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Sysco by 26.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,623,178 shares of the company's stock worth $615,076,000 after acquiring an additional 1,782,180 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Sysco by 11.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock valued at $521,874,000 after acquiring an additional 672,940 shares during the period. Capital Research Global Investors grew its position in Sysco by 112.8% in the 1st quarter. Capital Research Global Investors now owns 6,612,092 shares of the company's stock valued at $536,770,000 after acquiring an additional 3,504,740 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Sysco by 103.0% in the second quarter. ProShare Advisors LLC now owns 4,746,176 shares of the company's stock worth $338,830,000 after purchasing an additional 2,408,226 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the business's stock in a transaction that occurred 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 approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Sysco Stock Down 0.0 %

SYY stock traded down $0.01 during trading on Friday, reaching $74.95. 2,636,588 shares of the company traded hands, compared to its average volume of 3,109,526. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company has a market capitalization of $36.82 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The business has a 50 day simple moving average of $75.93 and a 200 day simple moving average of $74.73.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.04). The firm 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 company's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. On average, equities research analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SYY has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Wells Fargo & Company reduced their target price on shares of 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 lowered Sysco from a "strong-buy" rating to a "buy" rating in a report on Monday, October 21st. Barclays raised their price objective on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Finally, Jefferies Financial Group lifted their target price on Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Sysco currently has an average rating of "Moderate Buy" and an average target price of $85.77.

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.