Sysco Co. (NYSE:SYY) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. decreased its position in shares of Sysco Co. (NYSE:SYY) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,189 shares of the company’s stock after selling 1,600 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Sysco were worth $1,796,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Sysco by 4.6% during the third quarter. BlackRock Inc. now owns 33,096,837 shares of the company’s stock valued at $2,059,286,000 after acquiring an additional 1,460,647 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Sysco by 135.3% during the third quarter. JPMorgan Chase & Co. now owns 10,529,855 shares of the company’s stock valued at $644,112,000 after purchasing an additional 6,054,679 shares in the last quarter. Yacktman Asset Management LP raised its stake in shares of Sysco by 4.6% during the third quarter. Yacktman Asset Management LP now owns 6,011,776 shares of the company’s stock valued at $374,053,000 after purchasing an additional 265,062 shares in the last quarter. Coho Partners Ltd. raised its stake in shares of Sysco by 46.1% during the third quarter. Coho Partners Ltd. now owns 2,904,871 shares of the company’s stock valued at $180,741,000 after purchasing an additional 916,775 shares in the last quarter. Finally, Allen Investment Management LLC raised its stake in shares of Sysco by 12.1% during the fourth quarter. Allen Investment Management LLC now owns 2,505,105 shares of the company’s stock valued at $186,029,000 after purchasing an additional 270,101 shares in the last quarter. 81.02% of the stock is owned by institutional investors.

SYY traded up $1.25 during trading on Tuesday, reaching $79.91. The company had a trading volume of 45,839 shares, compared to its average volume of 2,462,128. The firm’s 50-day simple moving average is $75.49 and its 200 day simple moving average is $68.43. The company has a market cap of $40.79 billion, a price-to-earnings ratio of -1,123.55, a PEG ratio of 3.79 and a beta of 1.38. Sysco Co. has a 12-month low of $26.00 and a 12-month high of $79.96. The company has a debt-to-equity ratio of 9.56, a quick ratio of 1.30 and a current ratio of 1.73.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Monday, February 1st. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.17). The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $12.30 billion. Sysco had a positive return on equity of 39.64% and a negative net margin of 0.04%. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. On average, sell-side analysts expect that Sysco Co. will post 1.83 EPS for the current year.

In other Sysco news, EVP Greg D. Bertrand sold 36,403 shares of Sysco stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $76.97, for a total transaction of $2,801,938.91. Following the transaction, the executive vice president now owns 74,806 shares of the company’s stock, valued at approximately $5,757,817.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joshua D. Frank sold 76,677 shares of Sysco stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $71.44, for a total value of $5,477,804.88. Following the transaction, the director now directly owns 4,840 shares in the company, valued at approximately $345,769.60. The disclosure for this sale can be found here. Insiders sold a total of 663,080 shares of company stock worth $48,385,744 in the last three months. 5.17% of the stock is currently owned by company insiders.

A number of brokerages recently weighed in on SYY. Credit Suisse Group lifted their price objective on shares of Sysco from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. cut shares of Sysco from an “overweight” rating to a “neutral” rating and set a $76.00 price objective on the stock. in a research note on Monday, January 25th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on shares of Sysco from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 19th. Zacks Investment Research cut shares of Sysco from a “hold” rating to a “sell” rating and set a $77.00 price target on the stock. in a research report on Wednesday, February 3rd. Finally, Consumer Edge upgraded shares of Sysco from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $77.56.

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 in the United States, Canada, the United Kingdom, France, and internationally. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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