Empirical Finance LLC Grows Holdings in Sysco Co. (NYSE:SYY)

Empirical Finance LLC boosted its holdings in shares of Sysco Co. (NYSE:SYY) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,395 shares of the company’s stock after acquiring an additional 344 shares during the period. Empirical Finance LLC’s holdings in Sysco were worth $1,358,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in shares of Sysco by 5.5% during the third quarter. CIBC Asset Management Inc now owns 82,750 shares of the company’s stock valued at $6,459,000 after purchasing an additional 4,306 shares during the last quarter. Intellectus Partners LLC raised its stake in Sysco by 8.7% during the third quarter. Intellectus Partners LLC now owns 15,902 shares of the company’s stock valued at $1,241,000 after buying an additional 1,271 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in Sysco by 2.7% during the third quarter. OneDigital Investment Advisors LLC now owns 21,359 shares of the company’s stock valued at $1,667,000 after buying an additional 556 shares during the last quarter. Lifeworks Advisors LLC bought a new stake in Sysco in the third quarter worth $227,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Sysco by 2.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,723 shares of the company’s stock worth $1,305,000 after acquiring an additional 429 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sysco Stock Down 0.0 %

Sysco stock opened at $74.95 on Friday. The stock has a market cap of $36.82 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a fifty day moving average of $75.93 and a 200 day moving average of $74.73. Sysco Co. has a one year low of $69.03 and a one year high of $82.89.

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

Insider Transactions at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Sysco 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.