Rowland & Co. Investment Counsel ADV Lowers Stake in Sysco Corporation (SYY)

Rowland & Co. Investment Counsel ADV trimmed its holdings in shares of Sysco Corporation (NYSE:SYY) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,739 shares of the company’s stock after selling 3,733 shares during the quarter. Sysco Corporation accounts for about 2.5% of Rowland & Co. Investment Counsel ADV’s portfolio, making the stock its 10th largest position. Rowland & Co. Investment Counsel ADV’s holdings in Sysco Corporation were worth $5,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYY. TrimTabs Asset Management LLC lifted its holdings in shares of Sysco Corporation by 88.7% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock valued at $112,000 after buying an additional 1,016 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in shares of Sysco Corporation by 10.7% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after buying an additional 225 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of Sysco Corporation by 84.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after buying an additional 1,100 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Sysco Corporation by 13.4% in the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after buying an additional 300 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its holdings in shares of Sysco Corporation by 0.4% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after buying an additional 12 shares during the period. 80.14% of the stock is owned by institutional investors.

In other Sysco Corporation news, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $54.71, for a total value of $1,641,300.00. Following the completion of the sale, the chief executive officer now owns 406,725 shares in the company, valued at approximately $22,251,924.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $51.76, for a total transaction of $807,456.00. Following the completion of the sale, the insider now 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. Insiders have sold a total of 2,125,781 shares of company stock valued at $114,211,628 over the last ninety days. 9.60% of the stock is owned by insiders.

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A number of equities analysts recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $51.00 price objective on shares of Sysco Corporation in a research note on Friday, August 4th. 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. BMO Capital Markets restated an “outperform” rating on shares of Sysco Corporation in a research report on Tuesday, September 12th. Wells Fargo & Company restated a “buy” rating on shares of Sysco Corporation in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sysco Corporation has a consensus rating of “Hold” and an average price target of $56.42.

Shares of Sysco Corporation (NYSE:SYY) traded down 0.31% on Friday, reaching $54.69. The company had a trading volume of 202,770 shares. The firm has a market capitalization of $28.87 billion, a price-to-earnings ratio of 26.29 and a beta of 0.52. The firm has a 50-day moving average price of $54.00 and a 200 day moving average price of $52.97. Sysco Corporation has a 1-year low of $47.15 and a 1-year high of $57.07.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, August 14th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Equities research analysts predict that Sysco Corporation will post $2.76 earnings per share for the current year.

Sysco Corporation 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.

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

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