Sysco Corporation (NYSE:SYY) Holdings Increased by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. raised its position in Sysco Corporation (NYSE:SYY - Free Report) by 2.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,353,551 shares of the company's stock after purchasing an additional 146,573 shares during the period. Sysco accounts for approximately 2.5% of Diamond Hill Capital Management Inc.'s portfolio, making the stock its 7th largest position. Diamond Hill Capital Management Inc. owned 1.52% of Sysco worth $551,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. J. W. Coons Advisors LLC lifted its position in shares of Sysco by 0.4% during the 1st quarter. J. W. Coons Advisors LLC now owns 41,494 shares of the company's stock valued at $3,114,000 after acquiring an additional 174 shares during the period. Boyd Watterson Asset Management LLC OH lifted its position in shares of Sysco by 106.4% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company's stock valued at $236,000 after acquiring an additional 1,622 shares during the period. Advisors Preferred LLC acquired a new position in shares of Sysco during the 1st quarter valued at $1,277,000. Auto Owners Insurance Co lifted its position in shares of Sysco by 358.3% during the 1st quarter. Auto Owners Insurance Co now owns 50,875 shares of the company's stock valued at $3,818,000 after acquiring an additional 39,775 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Sysco by 1.3% during the 1st quarter. Venturi Wealth Management LLC now owns 17,614 shares of the company's stock valued at $1,322,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Stock Performance

SYY traded up $0.39 during trading on Friday, hitting $80.25. 2,951,667 shares of the company traded hands, compared to its average volume of 2,574,986. The firm has a market cap of $38.90 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. The stock's fifty day moving average is $75.40 and its 200 day moving average is $73.47. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 6.37. Sysco Corporation has a one year low of $67.12 and a one year high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.06). The company had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a net margin of 2.36% and a return on equity of 107.96%. Sysco's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, equities analysts predict that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Insider Activity at Sysco

In other Sysco news, Director Sheila Talton sold 356 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $70.84, for a total transaction of $25,219.04. Following the sale, the director directly owned 12,738 shares of the company's stock, valued at $902,359.92. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald L. Phillips sold 37,606 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the sale, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. This trade represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,962 shares of company stock worth $6,271,305. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Sysco from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Citigroup initiated coverage on shares of Sysco in a report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective on the stock. UBS Group lowered their price objective on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Guggenheim restated a "buy" rating and set a $82.00 price objective on shares of Sysco in a report on Tuesday, July 8th. Finally, BMO Capital Markets lowered their price objective on shares of Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.23.

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.