Raymond James Financial Services Advisors Inc. trimmed its stake in SYSCO Co. (NYSE:SYY) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,715 shares of the company’s stock after selling 15,457 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in SYSCO were worth $10,368,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of SYY. First Personal Financial Services lifted its position in shares of SYSCO by 293.2% in the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock worth $106,000 after purchasing an additional 1,463 shares during the period. Advisors Asset Management Inc. increased its stake in shares of SYSCO by 465.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock worth $150,000 after acquiring an additional 2,291 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of SYSCO by 51.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock worth $158,000 after acquiring an additional 1,000 shares in the last quarter. Scott & Selber Inc. bought a new position in shares of SYSCO in the 4th quarter worth about $200,000. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of SYSCO in the 4th quarter worth about $202,000. 77.72% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on SYY shares. Pivotal Research reiterated a “hold” rating and issued a $53.00 price target on shares of SYSCO in a research note on Sunday, November 5th. Zacks Investment Research lowered shares of SYSCO from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BMO Capital Markets set a $66.00 price target on shares of SYSCO and gave the stock a “buy” rating in a research note on Friday, December 8th. Loop Capital increased their price target on shares of SYSCO to $68.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Morgan Stanley upgraded shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a research note on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. SYSCO presently has an average rating of “Buy” and an average target price of $65.20.
Shares of SYSCO Co. (NYSE:SYY) opened at $58.55 on Thursday. The firm has a market cap of $31,315.13, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.56. 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 Co. has a 12 month low of $48.85 and a 12 month high of $64.27.
SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, February 5th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $14.15 billion. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. SYSCO’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.58 EPS. equities research analysts predict that SYSCO Co. will post 2.95 earnings per share for the current year.
In other SYSCO news, SVP William W. Goetz sold 11,323 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total transaction of $702,026.00. Following the completion of the sale, the senior vice president now directly owns 35,825 shares in the company, valued at approximately $2,221,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Greg D. Bertrand sold 81,038 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $60.76, for a total transaction of $4,923,868.88. Following the sale, the senior vice president now owns 69,721 shares of the company’s stock, valued at $4,236,247.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,695 shares of company stock valued at $8,759,223. 9.60% of the stock is owned by company insiders.
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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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