Sysco Co. (NYSE:SYY) Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its stake in shares of Sysco Co. (NYSE:SYY – Get Rating) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 354,797 shares of the company’s stock after buying an additional 9,172 shares during the quarter. Sysco comprises about 1.8% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 19th largest position. Cookson Peirce & Co. Inc. owned approximately 0.07% of Sysco worth $25,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC purchased a new stake in Sysco during the third quarter worth about $86,016,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Sysco by 27.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,187,525 shares of the company’s stock worth $439,437,000 after acquiring an additional 1,111,654 shares during the period. Victory Capital Management Inc. raised its holdings in Sysco by 14.9% during the third quarter. Victory Capital Management Inc. now owns 7,369,863 shares of the company’s stock worth $521,123,000 after purchasing an additional 953,110 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Sysco by 10,810.9% during the second quarter. Los Angeles Capital Management LLC now owns 839,484 shares of the company’s stock worth $71,113,000 after purchasing an additional 831,790 shares in the last quarter. Finally, FMR LLC grew its holdings in Sysco by 5.1% in the second quarter. FMR LLC now owns 12,638,244 shares of the company’s stock valued at $1,070,587,000 after purchasing an additional 608,222 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Sysco Trading Down 0.0 %

SYY traded down $0.03 on Wednesday, reaching $77.43. 844,634 shares of the company’s stock were exchanged, compared to its average volume of 2,517,630. Sysco Co. has a twelve month low of $70.61 and a twelve month high of $91.53. The company’s 50 day moving average is $80.24 and its 200-day moving average is $81.18. The company has a debt-to-equity ratio of 9.20, a quick ratio of 0.68 and a current ratio of 1.20. The company has a market cap of $39.24 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 2.09 and a beta of 1.11.

Sysco (NYSE:SYY – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.04). Sysco had a net margin of 2.03% and a return on equity of 137.76%. The company had revenue of $18.59 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts predict that Sysco Co. will post 4.14 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 27th. Stockholders of record on Friday, January 6th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, January 5th. Sysco’s dividend payout ratio (DPR) is currently 69.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SYY shares. Wells Fargo & Company decreased their price objective on shares of Sysco from $95.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 4th. Barclays dropped their price objective on shares of Sysco from $92.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday. Argus increased their target price on Sysco from $92.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 21st. Finally, BMO Capital Markets decreased their price objective on Sysco from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.64.

About Sysco

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Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S.