Seizert Capital Partners LLC Buys 45,742 Shares of Sysco Co. (NYSE:SYY)

Seizert Capital Partners LLC lifted its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,271 shares of the company's stock after purchasing an additional 45,742 shares during the quarter. Sysco comprises about 1.9% of Seizert Capital Partners LLC's investment portfolio, making the stock its 21st biggest position. Seizert Capital Partners LLC owned about 0.11% of Sysco worth $41,691,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SYY. State Street Corp increased its position in shares of Sysco by 11.1% during the third quarter. State Street Corp now owns 27,294,612 shares of the company's stock worth $2,130,617,000 after acquiring an additional 2,721,449 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Sysco by 11.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock valued at $521,874,000 after buying an additional 672,940 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Sysco by 9.7% during the third quarter. Primecap Management Co. CA now owns 4,796,439 shares of the company's stock valued at $374,410,000 after buying an additional 422,954 shares during the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Sysco by 8.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 4,790,665 shares of the company's stock worth $366,789,000 after purchasing an additional 375,409 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Sysco by 4.1% during the third quarter. Janus Henderson Group PLC now owns 4,265,723 shares of the company's stock worth $332,983,000 after purchasing an additional 168,163 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Melius Research upgraded shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Melius assumed coverage on shares of Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price on the stock. Barclays decreased their price objective on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley decreased their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.77.

Sysco Trading Down 0.6 %

Shares of NYSE SYY traded down $0.44 during mid-day trading on Wednesday, hitting $74.48. The stock had a trading volume of 3,359,389 shares, compared to its average volume of 3,099,142. 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 business has a 50 day moving average price of $73.52 and a two-hundred day moving average price of $75.62. The firm has a market cap of $36.44 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 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 company posted $0.89 earnings per share. On average, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, April 4th. Sysco's payout ratio is presently 52.44%.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

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.