Crossmark Global Holdings Inc. Has $15.33 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Crossmark Global Holdings Inc. raised its holdings in shares of Sysco Co. (NYSE:SYY) by 48.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,435 shares of the company’s stock after acquiring an additional 64,175 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sysco were worth $15,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its position in Sysco by 43.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 62,295 shares of the company’s stock valued at $5,057,000 after buying an additional 18,749 shares during the period. Quantbot Technologies LP acquired a new stake in Sysco during the 1st quarter worth about $1,027,000. Oppenheimer & Co. Inc. grew its holdings in shares of Sysco by 5.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 46,322 shares of the company’s stock worth $3,760,000 after purchasing an additional 2,447 shares in the last quarter. Montag A & Associates Inc. increased its holdings in Sysco by 30.6% in the first quarter. Montag A & Associates Inc. now owns 7,616 shares of the company’s stock valued at $618,000 after purchasing an additional 1,783 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in Sysco by 87.7% in the first quarter. Atomi Financial Group Inc. now owns 5,693 shares of the company’s stock valued at $462,000 after buying an additional 2,660 shares during the period. 83.41% of the stock is owned by institutional investors.

Sysco Stock Up 0.7 %

Shares of SYY stock traded up $0.52 during trading on Friday, reaching $77.39. The company’s stock had a trading volume of 2,237,182 shares, compared to its average volume of 3,353,991. The stock’s 50-day moving average price is $76.14 and its 200 day moving average price is $74.76. The company has a market capitalization of $38.02 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.03 and a beta of 1.20. Sysco Co. has a 1-year low of $66.27 and a 1-year high of $82.89. 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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business earned $1.07 earnings per share. On average, research analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 4th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.64%. Sysco’s payout ratio is presently 52.44%.

Analyst Ratings Changes

SYY has been the topic of a number of recent research reports. Barclays raised their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Morgan Stanley cut their target price on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. boosted their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company dropped their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.77.

Insider Transactions at Sysco

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

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.