Waycross Partners LLC Boosts Holdings in Sysco Co. (NYSE:SYY)

Waycross Partners LLC raised its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,325 shares of the company's stock after buying an additional 6,709 shares during the period. Sysco comprises approximately 2.3% of Waycross Partners LLC's investment portfolio, making the stock its 20th biggest position. Waycross Partners LLC's holdings in Sysco were worth $17,764,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SYY. State Street Corp boosted 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 valued at $2,130,617,000 after buying an additional 2,721,449 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Sysco during the third quarter valued at approximately $137,900,000. Nordea Investment Management AB boosted its position in shares of Sysco by 52.3% during the fourth quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company's stock valued at $208,666,000 after buying an additional 933,327 shares during the period. Diamond Hill Capital Management Inc. boosted its position 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 period. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Sysco during the third quarter valued at approximately $44,722,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

SYY has been the subject of several research analyst reports. Melius Research raised shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Guggenheim reaffirmed a "buy" rating and set a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Finally, Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target for the company. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.38.

Sysco Stock Up 2.8 %

NYSE:SYY traded up $2.00 during trading hours on Friday, reaching $73.22. The company's stock had a trading volume of 5,381,502 shares, compared to its average volume of 3,765,759. The company has a market capitalization of $35.82 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. 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 stock has a 50 day moving average price of $73.96 and a two-hundred day moving average price of $75.68.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the firm earned $0.89 EPS. Equities analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Transactions at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the sale, the senior vice president now directly owns 48,451 shares of the company's stock, valued at $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the sale, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. This trade represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company's stock.

Sysco Company 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.