Vaughan David Investments LLC IL Buys 5,540 Shares of Sysco Co. (NYSE:SYY)

Vaughan David Investments LLC IL raised its holdings in Sysco Co. (NYSE:SYY) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 479,772 shares of the company’s stock after acquiring an additional 5,540 shares during the period. Vaughan David Investments LLC IL’s holdings in Sysco were worth $36,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of SYY. State Street Corp increased its stake in shares of Sysco by 11.1% in the third quarter. State Street Corp now owns 27,294,612 shares of the company’s stock worth $2,130,617,000 after purchasing an additional 2,721,449 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Sysco in the third quarter worth about $137,900,000. Nordea Investment Management AB increased its stake in shares of Sysco by 52.3% in the fourth quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company’s stock worth $208,666,000 after purchasing an additional 933,327 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Sysco by 11.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock worth $521,874,000 after purchasing an additional 672,940 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Sysco in the third quarter worth about $44,722,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

SYY stock opened at $73.64 on Tuesday. The stock has a market cap of $36.02 billion, a PE ratio of 18.93, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The firm has a 50 day simple moving average of $73.85 and a two-hundred day simple moving average of $75.67.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the company posted $0.89 earnings per share. On average, analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. UBS Group reduced their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.38.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. This represents a 11.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,370 shares of company stock worth $5,965,519 in the last three months. 0.54% of the stock is owned by insiders.

Sysco Company Profile

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.