Aurdan Capital Management LLC Makes New $5.32 Million Investment in Sysco Co. (NYSE:SYY)

Aurdan Capital Management LLC bought a new position in Sysco Co. (NYSE:SYY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,590 shares of the company's stock, valued at approximately $5,321,000. Sysco comprises about 2.0% of Aurdan Capital Management LLC's portfolio, making the stock its 15th largest position.

A number of other institutional investors have also recently modified their holdings of the stock. Mackenzie Financial Corp grew its stake in shares of Sysco by 14.3% in the fourth quarter. Mackenzie Financial Corp now owns 49,834 shares of the company's stock worth $3,810,000 after acquiring an additional 6,236 shares during the last quarter. Forum Financial Management LP boosted its position in shares of Sysco by 2.1% during the fourth quarter. Forum Financial Management LP now owns 48,614 shares of the company's stock valued at $3,717,000 after buying an additional 1,017 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Sysco by 43.1% during the fourth quarter. Toronto Dominion Bank now owns 265,924 shares of the company's stock valued at $20,332,000 after buying an additional 80,075 shares during the last quarter. North Star Asset Management Inc. boosted its position in shares of Sysco by 0.4% during the fourth quarter. North Star Asset Management Inc. now owns 144,504 shares of the company's stock valued at $11,049,000 after buying an additional 506 shares during the last quarter. Finally, Neo Ivy Capital Management boosted its position in shares of Sysco by 23.5% during the fourth quarter. Neo Ivy Capital Management now owns 18,852 shares of the company's stock valued at $1,441,000 after buying an additional 3,584 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Trading Up 1.8%

Sysco stock traded up $1.33 during mid-day trading on Friday, hitting $73.40. The company's stock had a trading volume of 1,644,996 shares, compared to its average volume of 3,329,822. The firm has a market capitalization of $35.58 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The stock's fifty day moving average is $71.68 and its two-hundred day moving average is $73.80.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.06). Sysco had a return on equity of 106.30% and a net margin of 2.40%. The firm had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.11 billion. During the same period in the previous year, the company posted $0.96 EPS. Sysco's revenue was up 1.1% on a year-over-year basis. On average, analysts anticipate that Sysco Co. will post 4.58 EPS for the current year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.94%. Sysco's dividend payout ratio is 55.96%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their price objective on Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. UBS Group dropped their price objective on Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Citigroup started coverage on Sysco in a research report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 target price on the stock. Finally, Sanford C. Bernstein set a $87.00 target price on Sysco and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Insiders Place Their Bets

In other Sysco news, Director Sheila Talton sold 356 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total transaction of $25,219.04. Following the completion of the sale, the director now directly owns 12,738 shares of the company's stock, valued at approximately $902,359.92. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.