Janus Henderson Group PLC Purchases 168,163 Shares of Sysco Co. (NYSE:SYY)

Janus Henderson Group PLC lifted its position in shares of Sysco Co. (NYSE:SYY) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,265,723 shares of the company’s stock after acquiring an additional 168,163 shares during the quarter. Janus Henderson Group PLC’s holdings in Sysco were worth $332,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hilltop Holdings Inc. grew its stake in shares of Sysco by 29.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 10,953 shares of the company’s stock worth $855,000 after acquiring an additional 2,507 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Sysco by 109.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 14,965 shares of the company’s stock worth $1,170,000 after acquiring an additional 7,806 shares during the period. Atom Investors LP bought a new position in shares of Sysco during the 3rd quarter worth $2,726,000. FSA Wealth Management LLC bought a new position in shares of Sysco during the 3rd quarter worth $78,000. Finally, B&L Asset Management LLC bought a new position in shares of Sysco during the 3rd quarter worth $514,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $79.53 on Wednesday. The business’s 50-day moving average price is $75.85 and its two-hundred day moving average price is $74.80. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The stock has a market cap of $39.07 billion, a P/E ratio of 20.44, a PEG ratio of 2.00 and a beta of 1.19. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

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

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.57%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insider Activity

In other news, Director Sheila Talton sold 2,900 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the transaction, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This trade represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.