National Pension Service Purchases 166,798 Shares of Sysco Co. (NYSE:SYY)

National Pension Service raised its holdings in Sysco Co. (NYSE:SYY - Free Report) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,237,017 shares of the company's stock after acquiring an additional 166,798 shares during the period. National Pension Service owned approximately 0.25% of Sysco worth $96,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SYY. TruNorth Capital Management LLC purchased a new position in shares of Sysco during the 2nd quarter valued at about $25,000. Armstrong Advisory Group Inc. raised its holdings in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock valued at $26,000 after buying an additional 310 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Sysco during the 2nd quarter valued at about $38,000. Canoe Financial LP purchased a new position in shares of Sysco during the 3rd quarter valued at about $38,000. Finally, LRI Investments LLC purchased a new position in shares of Sysco during the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

Sysco Stock Up 0.9 %

Shares of SYY traded up $0.66 on Wednesday, reaching $77.01. The stock had a trading volume of 6,020,677 shares, compared to its average volume of 3,178,687. The firm has a market capitalization of $37.83 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.98 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 company has a 50-day simple moving average of $76.17 and a 200-day simple moving average of $74.74. Sysco Co. has a 12-month low of $66.27 and a 12-month high of $82.89.

Sysco (NYSE:SYY - Get Free Report) last released 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 during 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 for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. Sell-side analysts predict that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, October 4th. Sysco's payout ratio is 52.44%.

Analyst Upgrades and Downgrades

SYY has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. StockNews.com lowered Sysco from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 21st. Bank of America reduced their price target on Sysco from $91.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, July 18th. Finally, Jefferies Financial Group raised their price target on Sysco from $91.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and a consensus price target of $85.77.

About Sysco

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.