Buckingham Capital Management Inc. Has $9.01 Million Stake in Sysco Co. (NYSE:SYY)

Buckingham Capital Management Inc. increased its holdings in shares of Sysco Co. (NYSE:SYY) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,898 shares of the company’s stock after acquiring an additional 1,513 shares during the period. Sysco comprises about 1.0% of Buckingham Capital Management Inc.’s investment portfolio, making the stock its 29th biggest position. Buckingham Capital Management Inc.’s holdings in Sysco were worth $9,014,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SYY. Fortem Financial Group LLC lifted its holdings in Sysco by 3.6% during the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock valued at $296,000 after purchasing an additional 136 shares during the last quarter. S.A. Mason LLC raised its stake in shares of Sysco by 10.7% in the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after acquiring an additional 150 shares during the last quarter. Cable Hill Partners LLC raised its stake in shares of Sysco by 3.9% in the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after acquiring an additional 152 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Sysco by 12.3% during the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock worth $108,000 after buying an additional 154 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in shares of Sysco by 35.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 656 shares of the company’s stock worth $50,000 after buying an additional 173 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of SYY stock opened at $71.10 on Tuesday. The company’s fifty day simple moving average is $74.88 and its 200-day simple moving average is $75.83. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm has a market cap of $34.78 billion, a PE ratio of 18.28, a P/E/G ratio of 1.88 and a beta of 1.17. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 period last year, the firm earned $0.89 EPS. Equities research analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Transactions at Sysco

In other Sysco 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 sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,370 shares of company stock valued at $5,965,519 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SYY. Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Melius began coverage on shares of Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Barclays decreased their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley reduced their price target on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

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.