Fayez Sarofim & Co. raised its position in Sysco Corporation (NYSE:SYY) by 4.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,025 shares of the company’s stock after buying an additional 1,725 shares during the period. Fayez Sarofim & Co.’s holdings in Sysco Corporation were worth $2,109,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in Sysco Corporation by 0.6% in the third quarter. Parkside Financial Bank & Trust now owns 2,324 shares of the company’s stock worth $114,000 after buying an additional 13 shares during the period. Tuttle Tactical Management LLC acquired a new position in Sysco Corporation during the second quarter worth approximately $126,000. Crow Point Partners LLC acquired a new position in Sysco Corporation during the third quarter worth approximately $137,000. Kistler Tiffany Companies LLC boosted its position in Sysco Corporation by 0.4% in the third quarter. Kistler Tiffany Companies LLC now owns 2,878 shares of the company’s stock worth $141,000 after buying an additional 12 shares during the period. Finally, Blue Chip Partners Inc. boosted its position in Sysco Corporation by 0.7% in the second quarter. Blue Chip Partners Inc. now owns 2,894 shares of the company’s stock worth $147,000 after buying an additional 19 shares during the period. 77.50% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

Shares of Sysco Corporation (NYSE:SYY) opened at 52.63 on Friday. The firm has a market cap of $28.43 billion, a PE ratio of 28.70 and a beta of 0.52. Sysco Corporation has a 52 week low of $42.05 and a 52 week high of $57.07. The stock has a 50 day moving average price of $53.66 and a 200 day moving average price of $52.08.

Sysco Corporation (NYSE:SYY) last posted its quarterly earnings results on Monday, February 6th. The company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Sysco Corporation had a return on equity of 40.85% and a net margin of 1.94%. The firm earned $13.50 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts expect that Sysco Corporation will post $2.48 earnings per share for the current year.

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A number of equities analysts have recently commented on SYY shares. Zacks Investment Research raised Sysco Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, December 1st. Bank of America Corporation raised Sysco Corporation from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, November 8th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a report on Monday, February 6th. Barclays PLC raised Sysco Corporation from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $48.00 to $53.00 in a report on Wednesday, November 9th. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $56.00 target price on Sysco Corporation and gave the stock a “hold” rating in a report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.35.

In other news, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $54.96, for a total value of $1,648,800.00. Following the completion of the transaction, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at $22,353,606. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Russell T. Libby sold 22,217 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $54.91, for a total value of $1,219,935.47. Following the completion of the transaction, the insider now directly owns 80,017 shares of the company’s stock, valued at $4,393,733.47. The disclosure for this sale can be found here. Insiders sold 87,562 shares of company stock valued at $4,832,512 over the last ninety days. Corporate insiders own 8.81% 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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