Moody Lynn & Lieberson LLC lifted its stake in shares of Sysco Corporation (NYSE:SYY) by 20.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 115,315 shares of the company’s stock after acquiring an additional 19,303 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Sysco Corporation were worth $6,221,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Sysco Corporation by 2,088.2% in the first quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock valued at $1,672,219,000 after acquiring an additional 30,735,711 shares during the period. Janus Henderson Group PLC increased its position in shares of Sysco Corporation by 9,055.0% during the second quarter. Janus Henderson Group PLC now owns 5,707,603 shares of the company’s stock valued at $287,264,000 after buying an additional 5,645,259 shares during the period. American Century Companies Inc. increased its position in shares of Sysco Corporation by 47.6% during the second quarter. American Century Companies Inc. now owns 5,054,930 shares of the company’s stock valued at $254,415,000 after buying an additional 1,629,990 shares during the period. Capital World Investors boosted its stake in Sysco Corporation by 11.7% during the second quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock worth $692,893,000 after acquiring an additional 1,445,000 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Sysco Corporation by 252.7% during the second quarter. Nordea Investment Management AB now owns 1,928,089 shares of the company’s stock worth $97,041,000 after acquiring an additional 1,381,441 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.
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Several research analysts have recently issued reports on SYY shares. Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Sysco Corporation from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Friday, July 21st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a report on Monday, August 14th. Pivotal Research reaffirmed a “hold” rating and set a $53.00 target price on shares of Sysco Corporation in a report on Sunday, November 5th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Sysco Corporation in a research note on Tuesday, September 12th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Sysco Corporation has a consensus rating of “Hold” and an average target price of $56.42.
Sysco Corporation (NYSE:SYY) traded up $0.17 during mid-day trading on Monday, reaching $54.19. 1,717,800 shares of the company’s stock traded hands, compared to its average volume of 2,934,361. Sysco Corporation has a fifty-two week low of $48.85 and a fifty-two week high of $57.23. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $28,200.00, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.51 and a beta of 0.53.
Sysco Corporation (NYSE:SYY) last released its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The firm had revenue of $14.65 billion during the quarter, compared to analyst estimates of $14.43 billion. Sysco Corporation had a net margin of 2.12% and a return on equity of 58.47%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS. research analysts anticipate that Sysco Corporation will post 2.77 EPS for the current fiscal year.
In other news, insider Paul T. Moskowitz sold 16,667 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $54.12, for a total value of $902,018.04. Following the completion of the sale, the insider now owns 61,936 shares in the company, valued at approximately $3,351,976.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $54.86, for a total transaction of $427,908.00. Following the completion of the sale, the executive vice president now owns 58,776 shares of the company’s stock, valued at approximately $3,224,451.36. The disclosure for this sale can be found here. Insiders sold a total of 2,125,781 shares of company stock valued at $114,211,628 in the last 90 days. Company insiders own 9.60% of the company’s stock.
About Sysco Corporation
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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