Nixon Peabody Trust Co. Sells 250 Shares of Sysco Co. (NYSE:SYY)

Nixon Peabody Trust Co. lessened its stake in Sysco Co. (NYSE:SYY) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,010 shares of the company’s stock after selling 250 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Sysco were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. National Pension Service lifted its stake in Sysco by 15.6% in the 3rd quarter. National Pension Service now owns 1,237,017 shares of the company’s stock worth $96,562,000 after purchasing an additional 166,798 shares in the last quarter. ORG Partners LLC boosted its stake in Sysco by 3,159.0% during the second quarter. ORG Partners LLC now owns 7,072 shares of the company’s stock valued at $495,000 after buying an additional 6,855 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Sysco by 11.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock valued at $521,874,000 after buying an additional 672,940 shares in the last quarter. Empowered Funds LLC raised its stake in Sysco by 29.0% during the third quarter. Empowered Funds LLC now owns 78,333 shares of the company’s stock valued at $6,115,000 after purchasing an additional 17,587 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Sysco by 11.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 176,170 shares of the company’s stock worth $12,577,000 after buying an additional 18,296 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 0.6 %

Shares of SYY stock traded up $0.48 during trading hours on Monday, reaching $75.43. 88,349 shares of the company’s stock were exchanged, compared to its average volume of 3,143,295. The stock’s fifty day moving average price is $75.93 and its two-hundred day moving average price is $74.74. The stock has a market cap of $37.05 billion, a PE ratio of 19.27, a PEG ratio of 1.97 and a beta of 1.20. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. 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 (NYSE:SYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. During the same quarter in the prior year, the company earned $1.07 EPS. Sysco’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts predict that Sysco Co. will post 4.57 EPS for the current year.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

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

Sysco Company 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.