Seizert Capital Partners LLC Boosts Stock Holdings in Sysco Co. (NYSE:SYY)

Seizert Capital Partners LLC boosted its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 499,529 shares of the company's stock after acquiring an additional 16,253 shares during the quarter. Sysco comprises about 1.8% of Seizert Capital Partners LLC's portfolio, making the stock its 24th largest position. Seizert Capital Partners LLC owned about 0.10% of Sysco worth $38,993,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in shares of Sysco in the 2nd quarter valued at about $25,000. Armstrong Advisory Group Inc. lifted its holdings in Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock valued at $26,000 after acquiring an additional 310 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Sysco in the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $31,000. Finally, Focused Wealth Management Inc purchased a new position in shares of Sysco during the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SYY. Wells Fargo & Company dropped their target price on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Barclays boosted their price objective on Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Jefferies Financial Group increased 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. JPMorgan Chase & Co. lifted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Finally, StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.77.

Insider Buying and Selling

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares of the company's stock, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Sysco Trading Down 0.0 %

Sysco stock traded down $0.01 during midday trading on Friday, hitting $74.95. 2,636,588 shares of the stock were exchanged, compared to its average volume of 3,109,526. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The stock has a market capitalization of $36.82 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.97 and a beta of 1.20. The stock's 50-day simple moving average is $75.93 and its 200 day simple moving average is $74.73. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate 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 firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. On average, equities analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

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.