Sysco Corporation (SYY) Shares Bought by Swiss National Bank

Swiss National Bank grew its position in shares of Sysco Corporation (NYSE:SYY) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,160,940 shares of the company’s stock after purchasing an additional 5,500 shares during the quarter. Swiss National Bank owned 413,371.34% of Sysco Corporation worth $116,583,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. First Personal Financial Services increased its position in shares of Sysco Corporation by 293.2% during the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after purchasing an additional 1,463 shares during the period. Arcadia Investment Management Corp MI increased its position in shares of Sysco Corporation by 10.7% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after purchasing an additional 225 shares during the period. Acrospire Investment Management LLC increased its position in shares of Sysco Corporation by 84.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after purchasing an additional 1,100 shares during the period. Manchester Capital Management LLC increased its position in shares of Sysco Corporation by 13.4% during the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after purchasing an additional 300 shares during the period. Finally, Kistler Tiffany Companies LLC increased its position in shares of Sysco Corporation by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after purchasing an additional 12 shares during the period. Institutional investors own 80.07% of the company’s stock.

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Sysco Corporation (NYSE SYY) traded down $0.05 on Friday, hitting $53.97. The stock had a trading volume of 73,438 shares, compared to its average volume of 2,926,668. The company has a market cap of $28,218.79, a price-to-earnings ratio of 21.17, a PEG ratio of 2.48 and a beta of 0.53. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 3.77. Sysco Corporation has a 1-year low of $48.85 and a 1-year high of $57.23.

Sysco Corporation (NYSE:SYY) last issued its earnings results on Monday, November 6th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The business had revenue of $14.65 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Sysco Corporation had a return on equity of 58.47% and a net margin of 2.12%. Sysco Corporation’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. equities research analysts expect that Sysco Corporation will post 2.78 EPS for the current fiscal year.

In other news, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $51.31, for a total value of $1,539,300.00. Following the completion of the sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at $20,869,059.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $51.76, for a total value of $807,456.00. Following the completion of the sale, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $3,042,245.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,125,781 shares of company stock valued at $114,211,628. 9.60% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Zacks Investment Research upgraded Sysco Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, October 10th. BMO Capital Markets set a $60.00 price target on Sysco Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Pivotal Research set a $53.00 price target on Sysco Corporation and gave the company a “hold” rating in a research report on Sunday, August 13th. Finally, Royal Bank Of Canada set a $50.00 price target on Sysco Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $56.42.

Sysco Corporation Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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