Sysco Corporation $SYY Shares Bought by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. raised its position in Sysco Corporation (NYSE:SYY) by 8.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 485,142 shares of the company’s stock after acquiring an additional 37,907 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Sysco were worth $36,405,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SYY. Boston Partners lifted its holdings in Sysco by 24.8% in the first quarter. Boston Partners now owns 15,199,828 shares of the company’s stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares during the period. Canoe Financial LP lifted its holdings in Sysco by 29,610.4% in the first quarter. Canoe Financial LP now owns 1,431,149 shares of the company’s stock valued at $107,393,000 after acquiring an additional 1,426,332 shares during the period. Nuveen LLC acquired a new stake in Sysco in the first quarter valued at $85,341,000. Burgundy Asset Management Ltd. lifted its holdings in Sysco by 251.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,452,073 shares of the company’s stock valued at $111,026,000 after acquiring an additional 1,039,088 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Sysco by 9,792.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 980,616 shares of the company’s stock valued at $74,978,000 after acquiring an additional 970,703 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares in the company, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald L. Phillips sold 6,286 shares of Sysco stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $81.00, for a total value of $509,166.00. Following the sale, the executive vice president owned 34,404 shares of the company’s stock, valued at approximately $2,786,724. This represents a 15.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,026 shares of company stock valued at $6,766,059. 0.54% of the stock is currently owned by company insiders.

Sysco Trading Down 0.4%

Sysco stock opened at $79.21 on Tuesday. The stock has a market cap of $38.40 billion, a PE ratio of 21.24, a P/E/G ratio of 2.46 and a beta of 0.83. The stock has a 50-day moving average price of $77.73 and a 200 day moving average price of $74.19. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $82.64. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.09. The firm had revenue of $21.14 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS. Equities research analysts predict that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BMO Capital Markets reduced their target price on Sysco from $82.00 to $77.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on Sysco from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. UBS Group set a $90.00 target price on Sysco in a report on Wednesday, July 30th. Morgan Stanley raised their price target on Sysco from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company set a $88.00 price target on Sysco and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.69.

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.