SYSCO Co. (SYY) Shares Sold by Unigestion Holding SA

Unigestion Holding SA trimmed its holdings in SYSCO Co. (NYSE:SYY) by 40.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 488,418 shares of the company’s stock after selling 331,597 shares during the quarter. Unigestion Holding SA owned 0.09% of SYSCO worth $35,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE lifted its holdings in SYSCO by 64.6% in the 2nd quarter. Bank of America Corp DE now owns 17,662,742 shares of the company’s stock valued at $1,206,188,000 after acquiring an additional 6,929,805 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in SYSCO by 1.2% in the 2nd quarter. Janus Henderson Group PLC now owns 5,903,214 shares of the company’s stock valued at $403,131,000 after acquiring an additional 68,148 shares during the last quarter. Bank of Montreal Can lifted its holdings in SYSCO by 14.9% in the 2nd quarter. Bank of Montreal Can now owns 4,552,341 shares of the company’s stock valued at $310,878,000 after acquiring an additional 590,410 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in SYSCO by 2.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,131,297 shares of the company’s stock valued at $282,126,000 after acquiring an additional 86,450 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in SYSCO by 83.0% in the 2nd quarter. Morgan Stanley now owns 3,896,733 shares of the company’s stock valued at $266,109,000 after acquiring an additional 1,767,298 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

A number of analysts have commented on the stock. Pivotal Research upped their price objective on shares of SYSCO from $58.00 to $62.00 and gave the company a “sell” rating in a research note on Saturday, August 18th. Loop Capital upped their price objective on shares of SYSCO to $80.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Argus upped their price objective on shares of SYSCO from $67.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. BMO Capital Markets upped their price objective on shares of SYSCO from $74.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, August 14th. Finally, Morgan Stanley upped their price objective on shares of SYSCO from $67.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $73.15.

In other news, Director Richard G. Tilghman sold 5,000 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $68.62, for a total value of $343,100.00. Following the transaction, the director now owns 56,393 shares in the company, valued at approximately $3,869,687.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trian Fund Management, L.P. sold 2,115,358 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $74.81, for a total value of $158,249,931.98. Following the completion of the transaction, the director now owns 4,005 shares in the company, valued at approximately $299,614.05. The disclosure for this sale can be found here. Insiders sold a total of 3,969,811 shares of company stock worth $297,370,093 in the last quarter. 7.88% of the stock is owned by corporate insiders.

SYY stock opened at $66.70 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.30 and a debt-to-equity ratio of 3.00. SYSCO Co. has a one year low of $52.60 and a one year high of $75.98. The stock has a market cap of $33.56 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.77 and a beta of 0.56.

SYSCO (NYSE:SYY) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). The firm had revenue of $15.22 billion for the quarter, compared to analysts’ expectations of $15.39 billion. SYSCO had a net margin of 2.52% and a return on equity of 68.81%. SYSCO’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. Sell-side analysts predict that SYSCO Co. will post 3.43 EPS for the current year.

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SYSCO Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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