Seizert Capital Partners LLC Boosts Stake in Sysco Co. (NYSE:SYY)

Seizert Capital Partners LLC grew its stake in Sysco Co. (NYSE:SYY) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 499,529 shares of the company’s stock after acquiring an additional 16,253 shares during the quarter. Sysco comprises about 1.8% of Seizert Capital Partners LLC’s portfolio, making the stock its 24th biggest position. Seizert Capital Partners LLC owned approximately 0.10% of Sysco worth $38,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SYY. TruNorth Capital Management LLC bought a new position in Sysco in the second quarter worth about $25,000. Armstrong Advisory Group Inc. boosted its position in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after purchasing an additional 310 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Sysco during the 3rd quarter worth $26,000. Valley Wealth Managers Inc. acquired a new position in Sysco during the 3rd quarter valued at about $31,000. Finally, Focused Wealth Management Inc purchased a new stake in Sysco in the third quarter valued at about $37,000. 83.41% of the stock is owned by institutional investors.

Sysco Trading Down 0.0 %

Shares of NYSE:SYY opened at $74.95 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89. The business has a 50 day moving average of $75.93 and a two-hundred day moving average of $74.73. The company has a market capitalization of $36.82 billion, a PE ratio of 19.27, a PEG ratio of 1.97 and a beta of 1.20.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. As a group, analysts forecast that Sysco Co. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SYY. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Jefferies Financial Group upped their price target on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Barclays lifted their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company cut their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.77.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.