Sysco Co. (NYSE:SYY) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,719,478 shares of the company's stock after buying an additional 933,327 shares during the quarter. Nordea Investment Management AB owned 0.55% of Sysco worth $208,666,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SYY. TD Asset Management Inc grew its position in Sysco by 3.3% in the 2nd quarter. TD Asset Management Inc now owns 183,372 shares of the company's stock valued at $13,091,000 after acquiring an additional 5,810 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Sysco by 1.6% in the second quarter. Victory Capital Management Inc. now owns 450,989 shares of the company's stock valued at $32,196,000 after purchasing an additional 6,998 shares in the last quarter. Private Advisor Group LLC increased its stake in Sysco by 6.3% during the 2nd quarter. Private Advisor Group LLC now owns 37,895 shares of the company's stock worth $2,705,000 after buying an additional 2,232 shares during the period. Candriam S.C.A. lifted its holdings in Sysco by 10.1% during the 2nd quarter. Candriam S.C.A. now owns 52,093 shares of the company's stock worth $3,719,000 after buying an additional 4,759 shares in the last quarter. Finally, Asset Dedication LLC grew its stake in shares of Sysco by 19.1% in the second quarter. Asset Dedication LLC now owns 1,307 shares of the company's stock worth $93,000 after acquiring an additional 210 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of Sysco stock traded down $0.09 on Tuesday, hitting $74.65. The stock had a trading volume of 1,885,333 shares, compared to its average volume of 1,736,733. The company's 50 day moving average price is $77.04 and its 200 day moving average price is $75.74. The stock has a market cap of $36.67 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.10 and a beta of 1.18. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.89.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period in the previous year, the company posted $1.07 earnings per share. Sysco's revenue was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.73%. Sysco's dividend payout ratio (DPR) is 52.44%.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,306 shares of company stock valued at $6,485,050 over the last quarter. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SYY. Melius Research upgraded Sysco to a "hold" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Jefferies Financial Group upped their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Finally, Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.93.

Sysco 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.