Natixis Advisors LLC Acquires 105,071 Shares of Sysco Co. (NYSE:SYY)

Natixis Advisors LLC grew its holdings in shares of Sysco Co. (NYSE:SYY) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 671,657 shares of the company’s stock after buying an additional 105,071 shares during the quarter. Natixis Advisors LLC owned 0.14% of Sysco worth $52,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. Orion Portfolio Solutions LLC lifted its holdings in shares of Sysco by 10.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 27,360 shares of the company’s stock worth $2,221,000 after acquiring an additional 2,552 shares during the last quarter. Banco Santander S.A. purchased a new position in Sysco during the 1st quarter valued at $438,000. Intech Investment Management LLC purchased a new stake in Sysco in the first quarter worth $250,000. Edgestream Partners L.P. bought a new stake in shares of Sysco during the first quarter worth $489,000. Finally, Covestor Ltd boosted its stake in shares of Sysco by 323.2% during the first quarter. Covestor Ltd now owns 1,151 shares of the company’s stock valued at $93,000 after purchasing an additional 879 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SYY shares. Barclays lifted their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Wells Fargo & Company dropped their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group lifted their price target on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.77.

Sysco Price Performance

Shares of NYSE SYY opened at $74.95 on Friday. The firm’s 50 day simple moving average is $75.93 and its 200-day simple moving average is $74.73. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The stock has a market capitalization of $36.82 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73.

Sysco (NYSE:SYY) last released 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). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period in the prior year, the business posted $1.07 EPS. Sysco’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Sysco Co. will post 4.57 EPS for the current year.

Insider Transactions at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

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.