Sysco Co. (NYSE:SYY) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lessened its holdings in Sysco Co. (NYSE:SYY) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,600 shares of the company’s stock after selling 400 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Sysco were worth $984,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ORG Partners LLC boosted its stake in Sysco by 3,159.0% in the 2nd quarter. ORG Partners LLC now owns 7,072 shares of the company’s stock worth $495,000 after purchasing an additional 6,855 shares in the last quarter. Mizuho Markets Americas LLC lifted its stake in shares of Sysco by 102.1% during the first quarter. Mizuho Markets Americas LLC now owns 139,875 shares of the company’s stock worth $11,355,000 after buying an additional 70,660 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Sysco by 11.6% during the second quarter. Wedge Capital Management L L P NC now owns 176,170 shares of the company’s stock valued at $12,577,000 after buying an additional 18,296 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Sysco by 205.0% in the 1st quarter. Shell Asset Management Co. now owns 14,305 shares of the company’s stock valued at $1,161,000 after acquiring an additional 9,615 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Sysco in the 1st quarter worth $1,027,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SYY shares. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Bank of America dropped their target price on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Morgan Stanley reduced their price target on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Barclays raised their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.77.

Sysco Trading Up 1.3 %

Shares of Sysco stock opened at $76.35 on Wednesday. The firm has a 50-day simple moving average of $76.16 and a two-hundred day simple moving average of $74.72. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. Sysco Co. has a fifty-two week low of $66.27 and a fifty-two week high of $82.89. The company has a market cap of $37.51 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period in the previous year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 4th were paid a $0.51 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.67%. Sysco’s dividend payout ratio is currently 52.44%.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.