Nichols & Pratt Advisers LLP MA cut its position in SYSCO Co. (NYSE:SYY) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,757 shares of the company’s stock after selling 17,517 shares during the period. SYSCO accounts for about 1.4% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 27th biggest position. Nichols & Pratt Advisers LLP MA owned 0.05% of SYSCO worth $15,957,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its holdings in SYSCO by 18.9% during the fourth quarter. Pinebridge Investments L.P. now owns 47,956 shares of the company’s stock worth $2,913,000 after purchasing an additional 7,628 shares during the last quarter. MUFG Americas Holdings Corp grew its stake in SYSCO by 43.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 12,110 shares of the company’s stock worth $736,000 after buying an additional 3,690 shares in the last quarter. Global Financial Private Capital LLC boosted its stake in shares of SYSCO by 16.4% in the 4th quarter. Global Financial Private Capital LLC now owns 47,631 shares of the company’s stock valued at $2,893,000 after purchasing an additional 6,698 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of SYSCO by 12.2% in the 4th quarter. Toronto Dominion Bank now owns 208,272 shares of the company’s stock valued at $12,648,000 after purchasing an additional 22,613 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of SYSCO by 8.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 893,154 shares of the company’s stock valued at $54,241,000 after purchasing an additional 69,672 shares in the last quarter. Hedge funds and other institutional investors own 77.72% of the company’s stock.
SYY has been the subject of a number of research reports. Loop Capital raised their price objective on shares of SYSCO to $68.00 and gave the company a “buy” rating in a report on Monday, December 11th. Royal Bank of Canada restated a “sector perform” rating and set a $61.00 price target on shares of SYSCO in a report on Tuesday, February 6th. Zacks Investment Research lowered shares of SYSCO from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Pivotal Research reissued a “hold” rating and issued a $53.00 price target on shares of SYSCO in a research report on Sunday, November 5th. Finally, BMO Capital Markets set a $66.00 price objective on shares of SYSCO and gave the stock a “buy” rating in a report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $65.20.
Shares of SYSCO Co. (NYSE SYY) traded up $0.46 on Thursday, reaching $59.01. The company’s stock had a trading volume of 417,496 shares, compared to its average volume of 2,609,144. The stock has a market capitalization of $30,510.00, a price-to-earnings ratio of 26.48, a P/E/G ratio of 1.98 and a beta of 0.56. SYSCO Co. has a 1-year low of $48.85 and a 1-year high of $64.27. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.85 and a current ratio of 1.38.
SYSCO (NYSE:SYY) last announced its earnings results on Monday, February 5th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. SYSCO had a return on equity of 61.02% and a net margin of 2.10%. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts anticipate that SYSCO Co. will post 2.95 EPS for the current year.
In related news, SVP William W. Goetz sold 11,323 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $62.00, for a total transaction of $702,026.00. Following the sale, the senior vice president now directly owns 35,825 shares of the company’s stock, valued at $2,221,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $56.66, for a total value of $883,896.00. Following the completion of the transaction, the insider now directly owns 56,985 shares in the company, valued at $3,228,770.10. The disclosure for this sale can be found here. Insiders have sold 144,695 shares of company stock valued at $8,759,223 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.
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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