J.W. Cole Advisors Inc. Grows Holdings in Sysco Corporation (NYSE:SYY)

J.W. Cole Advisors Inc. lifted its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 233.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,185 shares of the company's stock after buying an additional 16,229 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Sysco were worth $1,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYY. Norges Bank purchased a new stake in shares of Sysco in the 4th quarter worth about $450,441,000. Capital Research Global Investors grew its position in shares of Sysco by 27.3% in the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company's stock worth $687,488,000 after buying an additional 1,928,002 shares during the period. Canoe Financial LP grew its position in shares of Sysco by 29,610.4% in the 1st quarter. Canoe Financial LP now owns 1,431,149 shares of the company's stock worth $107,393,000 after buying an additional 1,426,332 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Sysco by 251.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,452,073 shares of the company's stock worth $111,026,000 after buying an additional 1,039,088 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Sysco by 9,792.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 980,616 shares of the company's stock worth $74,978,000 after buying an additional 970,703 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president owned 56,304 shares in the company, valued at $4,504,320. This represents a 41.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director owned 12,738 shares in the company, valued at $902,359.92. This trade represents a 2.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,962 shares of company stock worth $6,271,305 in the last quarter. Company insiders own 0.54% of the company's stock.

Sysco Stock Performance

SYY traded up $0.39 during midday 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 company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 6.37. The firm has a market capitalization of $38.90 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. The company's 50-day moving average is $75.40 and its 200 day moving average is $73.47. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data 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). Sysco had a return on equity of 107.96% and a net margin of 2.36%. The business had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. During the same quarter last year, the company earned $0.96 EPS. Sysco's revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SYY shares. Wells Fargo & Company dropped their price target on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 price target on shares of Sysco and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Wall Street Zen cut shares of Sysco from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Bank of America upped their price target on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Morgan Stanley upped their price target on shares of Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.23.

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.