Sysco Co. (NYSE:SYY) Shares Sold by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC lowered its position in shares of Sysco Co. (NYSE:SYY) by 9.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,846 shares of the company’s stock after selling 750 shares during the period. Guardian Wealth Advisors LLC’s holdings in Sysco were worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new stake in Sysco in the 2nd quarter valued at about $25,000. Armstrong Advisory Group Inc. raised its holdings in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Sysco during the third quarter worth $26,000. Valley Wealth Managers Inc. purchased a new position in Sysco in the third quarter valued at about $31,000. Finally, Focused Wealth Management Inc acquired a new position in Sysco during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 1.1 %

NYSE SYY opened at $75.76 on Tuesday. The business has a 50 day simple moving average of $75.87 and a 200 day simple moving average of $74.75. The stock has a market capitalization of $37.22 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. Sysco Co. has a one year low of $69.03 and a one year high of $82.89.

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

Insider Activity

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

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