Bessemer Group Inc. increased its holdings in SYSCO Co. (NYSE:SYY) by 19.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,167 shares of the company’s stock after acquiring an additional 2,113 shares during the period. Bessemer Group Inc.’s holdings in SYSCO were worth $799,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SYY. First Personal Financial Services lifted its position in SYSCO by 293.2% during the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after buying an additional 1,463 shares during the period. Advisors Asset Management Inc. lifted its position in SYSCO by 465.7% during the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after buying an additional 2,291 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in SYSCO by 51.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock valued at $158,000 after buying an additional 1,000 shares during the period. Sun Life Financial INC lifted its position in SYSCO by 25,571.4% during the second quarter. Sun Life Financial INC now owns 3,594 shares of the company’s stock valued at $181,000 after buying an additional 3,580 shares during the period. Finally, KCS Wealth Advisory purchased a new position in SYSCO during the fourth quarter valued at $203,000. 80.09% of the stock is owned by institutional investors.

In other news, EVP Wayne Shurts sold 7,800 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $61.76, for a total transaction of $481,728.00. Following the completion of the transaction, the executive vice president now directly owns 55,235 shares in the company, valued at $3,411,313.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William J. Delaney III sold 150,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $54.05, for a total value of $8,107,500.00. Following 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. Insiders have sold 294,695 shares of company stock valued at $16,866,723 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.

Several brokerages have commented on SYY. Bank of America raised their price objective on SYSCO from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital lowered their price objective on SYSCO from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday. Pivotal Research lowered their price objective on SYSCO from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $61.00 price objective on shares of SYSCO in a research report on Tuesday. Finally, BMO Capital Markets set a $74.00 price objective on SYSCO and gave the company a “buy” rating in a research report on Monday, February 5th. Six analysts have rated the stock with a hold rating, six have issued 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 target price of $65.20.

SYSCO Co. (NYSE SYY) opened at $58.33 on Friday. SYSCO Co. has a twelve month low of $48.85 and a twelve month high of $64.27. The company has a current ratio of 1.38, a quick ratio of 0.88 and a debt-to-equity ratio of 3.66. The firm has a market capitalization of $30,390.00, a price-to-earnings ratio of 26.16, a PEG ratio of 2.06 and a beta of 0.56.

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

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 5th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, January 4th. This is an increase from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 2.47%. SYSCO’s dividend payout ratio (DPR) is presently 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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