Sysco Co. (NYSE:SYY) Shares Sold by Coastline Trust Co

Coastline Trust Co cut its position in shares of Sysco Co. (NYSE:SYY) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,782 shares of the company’s stock after selling 2,194 shares during the quarter. Coastline Trust Co’s holdings in Sysco were worth $2,715,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Sysco by 3.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,045 shares of the company’s stock valued at $5,118,000 after acquiring an additional 1,862 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of 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 during the last quarter. Banco Santander S.A. acquired a new stake in Sysco during the 1st quarter valued at $438,000. First Foundation Advisors increased its position in Sysco by 17.5% during the first quarter. First Foundation Advisors now owns 4,517 shares of the company’s stock worth $367,000 after buying an additional 674 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Sysco in the first quarter worth $214,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of a number of recent analyst reports. Barclays increased 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 Wednesday, July 31st. Jefferies Financial Group raised their price objective on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a report 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. increased their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reduced their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.77.

Insider Activity

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was 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 directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. The trade was a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Sysco Price Performance

SYY opened at $74.95 on Friday. Sysco Co. has a twelve month low of $69.03 and a twelve month 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. The firm has a market cap of $36.82 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.01 and a beta of 1.20. The company has a fifty day simple moving average of $75.93 and a 200 day simple moving average of $74.73.

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

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.