Los Angeles Capital Management LLC Acquires 5,738 Shares of Sysco Co. (NYSE:SYY)

Los Angeles Capital Management LLC raised its stake in shares of Sysco Co. (NYSE:SYY) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,841 shares of the company’s stock after purchasing an additional 5,738 shares during the period. Los Angeles Capital Management LLC’s holdings in Sysco were worth $9,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vaughan David Investments LLC IL raised its position in shares of Sysco by 1.2% during the fourth quarter. Vaughan David Investments LLC IL now owns 479,772 shares of the company’s stock worth $36,683,000 after acquiring an additional 5,540 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in Sysco during the 4th quarter valued at approximately $266,000. Brown Financial Advisors raised its holdings in Sysco by 3.2% during the 4th quarter. Brown Financial Advisors now owns 6,224 shares of the company’s stock worth $476,000 after purchasing an additional 194 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its position in shares of Sysco by 9.2% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 15,861 shares of the company’s stock worth $1,213,000 after purchasing an additional 1,339 shares during the period. Finally, BankPlus Trust Department bought a new stake in shares of Sysco in the 4th quarter valued at $1,350,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

NYSE SYY opened at $74.23 on Thursday. 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 company has a fifty day simple moving average of $73.72 and a 200 day simple moving average of $75.65. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The company has a market cap of $36.32 billion, a P/E ratio of 19.08, a PEG ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the firm posted $0.89 EPS. Sell-side analysts predict that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SYY has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Guggenheim reissued a “buy” rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group raised their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.77.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. This represents a 11.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,370 shares of company stock worth $5,965,519 over the last 90 days. 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.