Sysco Co. (NYSE:SYY) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lessened its stake in Sysco Co. (NYSE:SYY) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,445 shares of the company’s stock after selling 1,105 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Sysco were worth $1,284,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Sysco in the third quarter valued at approximately $227,000. Harbour Investments Inc. lifted its stake in shares of Sysco by 23.6% in the 3rd quarter. Harbour Investments Inc. now owns 7,419 shares of the company’s stock valued at $579,000 after purchasing an additional 1,416 shares during the period. Versor Investments LP purchased a new stake in Sysco during the third quarter worth $1,405,000. Venturi Wealth Management LLC grew its position in Sysco by 9.0% during the third quarter. Venturi Wealth Management LLC now owns 4,449 shares of the company’s stock valued at $347,000 after buying an additional 366 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its holdings in Sysco by 11.2% in the third 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. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

In related 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 sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.8 %

Shares of NYSE SYY opened at $76.66 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The company has a 50-day moving average of $76.12 and a 200 day moving average of $74.73. Sysco Co. has a 12-month low of $67.77 and a 12-month high of $82.89. The stock has a market cap of $37.66 billion, a PE ratio of 19.71, a P/E/G ratio of 2.03 and a beta of 1.20.

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

Analyst Ratings Changes

Several research firms have recently issued reports on SYY. JPMorgan Chase & Co. increased their target price 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. Bank of America dropped their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Barclays upped their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and an average 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.