Sysco Co. (NYSE:SYY) Position Trimmed by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lowered its stake in Sysco Co. (NYSE:SYY) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,614 shares of the company’s stock after selling 823 shares during the period. Mizuho Markets Americas LLC’s holdings in Sysco were worth $6,215,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SYY. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Sysco by 3.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,045 shares of the company’s stock worth $5,118,000 after purchasing an additional 1,862 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in Sysco by 10.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 27,360 shares of the company’s stock worth $2,221,000 after purchasing an additional 2,552 shares in the last quarter. Banco Santander S.A. acquired a new stake in Sysco during the 1st quarter valued at $438,000. First Foundation Advisors lifted its holdings in shares of Sysco by 17.5% in the first quarter. First Foundation Advisors now owns 4,517 shares of the company’s stock valued at $367,000 after purchasing an additional 674 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Sysco during the first quarter valued at $214,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, 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 7.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.0 %

Shares of SYY opened at $74.95 on Friday. The stock’s 50-day moving average price is $75.93 and its two-hundred day moving average price is $74.73. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company has a market capitalization of $36.82 billion, a PE ratio of 19.27, a PEG ratio of 2.01 and a beta of 1.20.

Sysco (NYSE:SYY) last posted 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). The firm had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. During the same period last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Sysco Co. will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SYY. Wells Fargo & Company lowered their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. upped their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Barclays upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.77.

Sysco Profile

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.