SG Americas Securities LLC lifted its holdings in SYSCO Co. (NYSE:SYY) by 73.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,481 shares of the company’s stock after acquiring an additional 89,680 shares during the quarter. SG Americas Securities LLC’s holdings in SYSCO were worth $15,564,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SYY. Bank of America Corp DE increased its stake in shares of SYSCO by 64.6% in the second quarter. Bank of America Corp DE now owns 17,662,742 shares of the company’s stock worth $1,206,188,000 after acquiring an additional 6,929,805 shares during the period. Morgan Stanley boosted its holdings in SYSCO by 83.0% during the second quarter. Morgan Stanley now owns 3,896,733 shares of the company’s stock worth $266,109,000 after buying an additional 1,767,298 shares in the last quarter. Unigestion Holding SA purchased a new stake in SYSCO during the second quarter worth $55,998,000. Bank of Montreal Can boosted its holdings in SYSCO by 14.9% during the second quarter. Bank of Montreal Can now owns 4,552,341 shares of the company’s stock worth $310,878,000 after buying an additional 590,410 shares in the last quarter. Finally, Sabal Trust CO purchased a new stake in SYSCO during the second quarter worth $24,275,000. Hedge funds and other institutional investors own 79.76% of the company’s stock.

Shares of NYSE SYY opened at $67.37 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 3.00. The firm has a market cap of $34.73 billion, a P/E ratio of 21.46, a PEG ratio of 1.89 and a beta of 0.56. SYSCO Co. has a 1 year low of $53.65 and a 1 year high of $75.98.

SYSCO (NYSE:SYY) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). The company had revenue of $15.22 billion for the quarter, compared to analysts’ expectations of $15.39 billion. SYSCO had a net margin of 2.52% and a return on equity of 68.81%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. On average, research analysts anticipate that SYSCO Co. will post 3.4 EPS for the current year.

A number of analysts recently issued reports on SYY shares. Wells Fargo & Co increased their price target on shares of SYSCO from $71.00 to $80.00 and gave the stock a “$70.32” rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. Argus increased their price target on shares of SYSCO from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. ValuEngine raised shares of SYSCO from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Morgan Stanley increased their price target on shares of SYSCO from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 17th. Finally, Pivotal Research downgraded shares of SYSCO from a “hold” rating to a “sell” rating and set a $58.00 price target on the stock. in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $73.54.

In other SYSCO news, SVP Brian R. Todd sold 9,147 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $73.82, for a total transaction of $675,231.54. Following the transaction, the senior vice president now directly owns 11,747 shares of the company’s stock, valued at $867,163.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard G. Tilghman sold 5,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $73.82, for a total transaction of $369,100.00. Following the transaction, the director now directly owns 66,137 shares in the company, valued at $4,882,233.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,969,811 shares of company stock worth $297,370,093. Insiders own 7.88% of the company’s stock.

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SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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