Chevy Chase Trust Holdings LLC Has $19.86 Million Stock Position in Sysco Co. (NYSE:SYY)

Chevy Chase Trust Holdings LLC trimmed its stake in shares of Sysco Co. (NYSE:SYY) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 259,674 shares of the company’s stock after selling 5,885 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Sysco were worth $19,855,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SYY. AMF Tjanstepension AB boosted its holdings in Sysco by 185.5% during the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock valued at $2,446,000 after purchasing an additional 20,356 shares in the last quarter. Creative Planning boosted its holdings in Sysco by 3.6% during the third quarter. Creative Planning now owns 196,876 shares of the company’s stock valued at $15,368,000 after purchasing an additional 6,814 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Sysco by 0.4% during the third quarter. Vontobel Holding Ltd. now owns 50,126 shares of the company’s stock valued at $3,913,000 after purchasing an additional 218 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Sysco by 3.6% during the third quarter. Cornerstone Wealth Management LLC now owns 9,540 shares of the company’s stock valued at $745,000 after purchasing an additional 331 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Sysco by 9.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,139 shares of the company’s stock worth $4,773,000 after acquiring an additional 5,213 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sysco

In other news, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,270 shares of company stock worth $6,181,946. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. Jefferies Financial Group boosted their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company reduced their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $84.38.

Sysco Stock Performance

Shares of Sysco stock opened at $71.10 on Friday. The firm has a fifty day moving average of $74.88 and a two-hundred day moving average of $75.84. The stock has a market capitalization of $34.78 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.17. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the business posted $0.89 earnings per share. As a group, equities research analysts predict that Sysco Co. will post 4.58 EPS for the current 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.