Atria Investments LLC raised its stake in shares of SYSCO Co. (NYSE:SYY) by 124.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,525 shares of the company’s stock after buying an additional 5,288 shares during the period. Atria Investments LLC’s holdings in SYSCO were worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SYY. Janus Henderson Group PLC increased its stake in SYSCO by 9,055.0% during the 2nd 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. Capital World Investors increased its stake in SYSCO by 11.7% during the 2nd quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock valued at $692,893,000 after buying an additional 1,445,000 shares during the period. Nordea Investment Management AB increased its stake in SYSCO by 252.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,928,089 shares of the company’s stock valued at $97,041,000 after buying an additional 1,381,441 shares during the period. Parnassus Investments CA increased its stake in SYSCO by 20.3% during the 3rd quarter. Parnassus Investments CA now owns 7,410,401 shares of the company’s stock valued at $399,791,000 after buying an additional 1,250,005 shares during the period. Finally, American Century Companies Inc. increased its stake in SYSCO by 21.1% during the 3rd quarter. American Century Companies Inc. now owns 6,120,917 shares of the company’s stock valued at $330,223,000 after buying an additional 1,065,987 shares during the period. 79.93% of the stock is currently owned by hedge funds and other institutional investors.

In other SYSCO news, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $56.66, for a total value of $883,896.00. Following the completion of the transaction, the insider now directly owns 56,985 shares in the company, valued at $3,228,770.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William J. Delaney III sold 150,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the completion of the transaction, the chief executive officer now owns 526,725 shares of the company’s stock, valued at $28,469,486.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 294,695 shares of company stock valued at $16,866,723. Corporate insiders own 9.60% of the company’s stock.

Several research firms have commented on SYY. Morgan Stanley raised shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 target price on the stock in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a $66.00 target price on shares of SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Pivotal Research raised their target price on shares of SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, Loop Capital raised their target price on shares of SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SYSCO currently has a consensus rating of “Buy” and a consensus price target of $59.92.

SYSCO Co. (SYY) opened at $63.59 on Tuesday. The stock has a market cap of $33,130.00, a P/E ratio of 29.04, a PEG ratio of 2.46 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. SYSCO Co. has a 52 week low of $48.85 and a 52 week high of $63.65.

SYSCO (NYSE:SYY) last announced its quarterly earnings data 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 company had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.43 billion. SYSCO had a net margin of 2.12% and a return on equity of 58.47%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. research analysts expect that SYSCO Co. will post 2.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.44 annualized dividend and a dividend yield of 2.26%. This is a boost from SYSCO’s previous quarterly dividend of $0.33. SYSCO’s payout ratio is currently 65.75%.

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About SYSCO

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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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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