Moody Lynn & Lieberson LLC Has $15.16 Million Stake in SYSCO Co. (NYSE:SYY)

Moody Lynn & Lieberson LLC raised its position in SYSCO Co. (NYSE:SYY) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 190,928 shares of the company’s stock after purchasing an additional 215 shares during the period. SYSCO comprises 1.7% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 18th largest holding. Moody Lynn & Lieberson LLC’s holdings in SYSCO were worth $15,160,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bath Savings Trust Co lifted its position in shares of SYSCO by 0.5% during the 2nd quarter. Bath Savings Trust Co now owns 35,920 shares of the company’s stock valued at $2,540,000 after acquiring an additional 186 shares during the period. Woodstock Corp lifted its position in shares of SYSCO by 0.5% during the 2nd quarter. Woodstock Corp now owns 85,741 shares of the company’s stock valued at $6,064,000 after acquiring an additional 400 shares during the period. Rockland Trust Co. acquired a new position in shares of SYSCO during the 2nd quarter valued at $240,000. DNB Asset Management AS lifted its position in shares of SYSCO by 20.5% during the 2nd quarter. DNB Asset Management AS now owns 159,909 shares of the company’s stock valued at $11,309,000 after acquiring an additional 27,210 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services lifted its position in shares of SYSCO by 23.1% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 23,920 shares of the company’s stock valued at $1,691,000 after acquiring an additional 4,496 shares during the period. Hedge funds and other institutional investors own 78.43% of the company’s stock.

A number of research firms recently issued reports on SYY. Consumer Edge began coverage on shares of SYSCO in a research report on Wednesday, July 17th. They set an “underweight” rating and a $71.75 target price on the stock. Wells Fargo & Co reiterated a “buy” rating on shares of SYSCO in a research report on Monday, August 12th. Loop Capital boosted their target price on shares of SYSCO to $86.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group boosted their target price on shares of SYSCO from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, Barclays boosted their target price on shares of SYSCO from $70.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $74.98.

SYY stock traded down $0.43 during midday trading on Monday, reaching $78.74. 66,905 shares of the company’s stock traded hands, compared to its average volume of 2,329,780. The company has a market cap of $40.42 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.17 and a beta of 0.48. The firm’s fifty day moving average price is $78.31 and its 200-day moving average price is $73.29. The company has a quick ratio of 0.81, a current ratio of 1.33 and a debt-to-equity ratio of 3.25. SYSCO Co. has a 52 week low of $59.44 and a 52 week high of $79.74.

SYSCO (NYSE:SYY) last announced its quarterly earnings results on Monday, August 12th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.03. The business had revenue of $15.47 billion during the quarter, compared to analyst estimates of $15.65 billion. SYSCO had a net margin of 2.79% and a return on equity of 76.80%. SYSCO’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. Analysts forecast that SYSCO Co. will post 3.81 earnings per share for the current year.

In other SYSCO news, SVP Brian R. Todd sold 14,706 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $78.99, for a total transaction of $1,161,626.94. Following the completion of the sale, the senior vice president now owns 30,273 shares in the company, valued at approximately $2,391,264.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul T. Moskowitz sold 33,600 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $78.83, for a total transaction of $2,648,688.00. Following the sale, the executive vice president now owns 87,268 shares of the company’s stock, valued at approximately $6,879,336.44. The disclosure for this sale can be found here. Insiders have sold a total of 117,893 shares of company stock valued at $9,180,771 in the last 90 days. 5.24% of the stock is currently owned by company insiders.

About SYSCO

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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