Nomura Holdings Inc. Has $2.68 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Nomura Holdings Inc. raised its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 95.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,106 shares of the company's stock after purchasing an additional 17,140 shares during the quarter. Nomura Holdings Inc.'s holdings in Sysco were worth $2,684,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new stake in shares of Sysco in the 4th quarter worth about $29,000. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the fourth quarter valued at about $31,000. Sherman Asset Management Inc. purchased a new position in shares of Sysco during the 4th quarter worth approximately $31,000. Flagship Wealth Advisors LLC purchased a new position in Sysco in the fourth quarter valued at $31,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after buying an additional 149 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Up 1.0%

Shares of NYSE:SYY traded up $0.70 on Tuesday, reaching $73.70. The company had a trading volume of 2,625,463 shares, compared to its average volume of 3,364,072. Sysco Co. has a 52-week low of $67.12 and a 52-week high of $82.23. The firm's 50 day simple moving average is $71.76 and its 200-day simple moving average is $74.02. 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 firm has a market capitalization of $35.73 billion, a PE ratio of 18.95, a PEG ratio of 1.88 and a beta of 0.80.

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

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.54 per share. This is a boost from Sysco's previous quarterly dividend of $0.51. The ex-dividend date is Thursday, July 3rd. This represents a $2.16 annualized dividend and a yield of 2.93%. Sysco's payout ratio is presently 55.96%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets dropped their target price on Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. UBS Group decreased their price target on shares of Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Barclays reduced their target price on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 target price on shares of Sysco and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $83.62.

Insiders Place Their Bets

In other news, Director Sheila Talton sold 356 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $70.84, for a total value of $25,219.04. Following the completion of the sale, the director now owns 12,738 shares in the company, valued at approximately $902,359.92. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

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.