Public Employees Retirement Association of Colorado lifted its position in SYSCO Co. (NYSE:SYY) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,243 shares of the company’s stock after acquiring an additional 2,708 shares during the period. Public Employees Retirement Association of Colorado’s holdings in SYSCO were worth $5,784,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services boosted its holdings in shares of SYSCO by 293.2% during the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock worth $106,000 after purchasing an additional 1,463 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of SYSCO by 465.7% during the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock worth $150,000 after purchasing an additional 2,291 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of SYSCO by 51.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock worth $158,000 after purchasing an additional 1,000 shares during the period. Sun Life Financial INC boosted its holdings in shares of SYSCO by 25,571.4% during the second quarter. Sun Life Financial INC now owns 3,594 shares of the company’s stock worth $181,000 after purchasing an additional 3,580 shares during the period. Finally, Scott & Selber Inc. acquired a new stake in shares of SYSCO during the fourth quarter worth approximately $200,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Greg D. Bertrand sold 81,038 shares of SYSCO stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $60.76, for a total value of $4,923,868.88. Following the transaction, the senior vice president now owns 69,721 shares of the company’s stock, valued at $4,236,247.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP William W. Goetz sold 11,323 shares of SYSCO stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total transaction of $702,026.00. Following the completion of the transaction, the senior vice president now directly owns 35,825 shares in the company, valued at approximately $2,221,150. The disclosure for this sale can be found here. Insiders sold 294,695 shares of company stock valued at $16,866,723 over the last quarter. Corporate insiders own 9.60% of the company’s stock.

Several analysts recently commented on SYY shares. Loop Capital decreased their price target on shares of SYSCO from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday. Pivotal Research decreased their price target on shares of SYSCO from $68.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday. BMO Capital Markets set a $66.00 price target on shares of SYSCO and gave the stock a “buy” rating in a report on Friday, December 8th. Bank of America raised their price target on shares of SYSCO from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Morgan Stanley upgraded shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a report on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $65.20.

Shares of SYSCO Co. (SYY) opened at $58.33 on Friday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.88. The stock has a market cap of $30,390.00, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 2.06 and a beta of 0.56. SYSCO Co. has a one year low of $48.85 and a one year high of $64.27.

SYSCO (NYSE:SYY) last posted its earnings results on Monday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $14.15 billion. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. equities research analysts predict that SYSCO Co. will post 2.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 5th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This is a boost from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 2.47%. SYSCO’s payout ratio is 64.57%.

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SYSCO Company Profile

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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