Thrivent Financial for Lutherans Acquires 40,340 Shares of Sysco Co. (NYSE:SYY)

Thrivent Financial for Lutherans boosted its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,588,381 shares of the company's stock after buying an additional 40,340 shares during the period. Thrivent Financial for Lutherans owned approximately 0.32% of Sysco worth $123,988,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SYY. National Pension Service lifted its holdings in shares of Sysco by 15.6% in the third quarter. National Pension Service now owns 1,237,017 shares of the company's stock worth $96,562,000 after acquiring an additional 166,798 shares during the last quarter. ORG Partners LLC raised its holdings in Sysco by 3,159.0% in the 2nd quarter. ORG Partners LLC now owns 7,072 shares of the company's stock valued at $495,000 after buying an additional 6,855 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Sysco by 11.2% in 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 buying an additional 672,940 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Sysco by 11.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 176,170 shares of the company's stock valued at $12,577,000 after buying an additional 18,296 shares during the last quarter. Finally, Versor Investments LP bought a new position in Sysco in the 3rd quarter valued at approximately $1,405,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Down 0.0 %

NYSE SYY traded down $0.01 during mid-day trading on Friday, hitting $74.95. The company's stock had a trading volume of 2,636,588 shares, compared to its average volume of 3,109,526. The company's 50 day simple moving average is $75.93 and its 200 day simple moving average is $74.74. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. 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 firm 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.

Sysco (NYSE:SYY - Get Free Report) last issued 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 company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter last year, the business posted $1.07 earnings per share. Sysco's revenue was up 4.4% on a year-over-year basis. Analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.

Insider Buying and Selling at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the firm's stock in a transaction on 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 directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on SYY. Jefferies Financial Group increased their target price on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their target price on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 21st. Barclays raised their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.77.

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.