Wilmington Savings Fund Society FSB Has $16.35 Million Stake in Sysco Co. (NYSE:SYY)

Wilmington Savings Fund Society FSB raised its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,456 shares of the company's stock after buying an additional 24,866 shares during the period. Wilmington Savings Fund Society FSB's holdings in Sysco were worth $16,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. National Pension Service increased its holdings in Sysco by 15.6% during the 3rd quarter. National Pension Service now owns 1,237,017 shares of the company's stock valued at $96,562,000 after purchasing an additional 166,798 shares in the last quarter. New England Asset Management Inc. grew its holdings in shares of Sysco by 12.7% during the third quarter. New England Asset Management Inc. now owns 131,360 shares of the company's stock worth $10,254,000 after purchasing an additional 14,810 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Sysco by 29.0% in the third quarter. Empowered Funds LLC now owns 78,333 shares of the company's stock valued at $6,115,000 after buying an additional 17,587 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Sysco by 11.2% in 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. Finally, Captrust Financial Advisors lifted its position in Sysco by 7.7% during the 3rd quarter. Captrust Financial Advisors now owns 124,341 shares of the company's stock worth $9,706,000 after buying an additional 8,891 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 21,844 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was 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 owns 60,581 shares of the company's stock, valued at approximately $4,846,480. This trade represents a 26.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,279 shares of company stock worth $2,786,971. Company insiders own 0.54% of the company's stock.

Sysco Trading Down 0.8 %

Shares of NYSE:SYY traded down $0.64 during midday trading on Thursday, hitting $79.71. The company had a trading volume of 1,817,271 shares, compared to its average volume of 3,156,787. The firm has a fifty day simple moving average of $76.24 and a 200 day simple moving average of $75.09. The stock has a market cap of $39.16 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.12 and a beta of 1.19. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.04). The company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. Sysco's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. On average, analysts predict that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, January 3rd. Sysco's payout ratio is presently 52.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SYY shares. Jefferies Financial Group raised their price objective 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 price target on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted 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. Finally, StockNews.com upgraded Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.77.

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.