Clarius Group LLC Increases Holdings in Sysco Co. (NYSE:SYY)

Clarius Group LLC increased its stake in Sysco Co. (NYSE:SYY) by 68.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,530 shares of the company’s stock after acquiring an additional 2,643 shares during the period. Clarius Group LLC’s holdings in Sysco were worth $499,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in Sysco by 39.2% during the second quarter. Renaissance Technologies LLC now owns 160,182 shares of the company’s stock worth $11,435,000 after buying an additional 45,082 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Sysco by 362.2% in the 2nd quarter. Intech Investment Management LLC now owns 14,244 shares of the company’s stock worth $1,017,000 after acquiring an additional 11,162 shares during the last quarter. AE Wealth Management LLC grew its holdings in Sysco by 19.2% during the 2nd quarter. AE Wealth Management LLC now owns 14,879 shares of the company’s stock valued at $1,062,000 after purchasing an additional 2,399 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Sysco by 0.8% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 100,523 shares of the company’s stock worth $7,176,000 after purchasing an additional 810 shares during the period. Finally, Pacer Advisors Inc. raised its position in Sysco by 20.4% in the 2nd quarter. Pacer Advisors Inc. now owns 79,944 shares of the company’s stock worth $5,707,000 after purchasing an additional 13,525 shares during the period. 83.41% of the stock is owned by institutional investors.

Insider Transactions at Sysco

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,306 shares of company stock worth $6,485,050. Insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.3 %

Shares of Sysco stock opened at $73.02 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The company has a market cap of $35.87 billion, a P/E ratio of 18.77, a PEG ratio of 1.93 and a beta of 1.18. The firm’s 50 day moving average price is $76.72 and its 200-day moving average price is $75.81. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.89.

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

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.79%. Sysco’s payout ratio is 52.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SYY shares. Jefferies Financial Group upped their target price on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Melius started coverage on Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target for the company. Finally, Wells Fargo & Company reduced their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.93.

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.