Sysco Corporation (SYY) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its position in Sysco Corporation (NYSE:SYY) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,535 shares of the company’s stock after selling 6,623 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Sysco Corporation were worth $4,992,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC boosted its holdings in shares of Sysco Corporation by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after acquiring an additional 12 shares during the period. Schnieders Capital Management LLC boosted its holdings in shares of Sysco Corporation by 0.4% in the second quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock valued at $205,000 after acquiring an additional 18 shares during the period. Blue Chip Partners Inc. boosted its holdings in shares of Sysco Corporation by 0.6% in the second quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock valued at $149,000 after acquiring an additional 18 shares during the period. Northwest Quadrant Wealth Management LLC boosted its holdings in shares of Sysco Corporation by 0.6% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 5,169 shares of the company’s stock valued at $269,000 after acquiring an additional 29 shares during the period. Finally, Keel Point LLC lifted its holdings in shares of Sysco Corporation by 0.8% during the second quarter. Keel Point LLC now owns 5,782 shares of the company’s stock worth $291,000 after purchasing an additional 47 shares during the period. 80.07% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on SYY shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target on shares of Sysco Corporation in a report on Friday, August 4th. Pivotal Research reaffirmed a “hold” rating on shares of Sysco Corporation in a report on Sunday. Royal Bank Of Canada set a $50.00 price target on Sysco Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Zacks Investment Research downgraded Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco Corporation in a report on Tuesday, September 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sysco Corporation presently has an average rating of “Hold” and a consensus target price of $56.42.

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Sysco Corporation (NYSE SYY) opened at $56.66 on Monday. The stock has a market capitalization of $29,619.79, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 2.43 and a beta of 0.53. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.32 and a quick ratio of 0.83. Sysco Corporation has a 52-week low of $47.69 and a 52-week high of $57.23.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, August 14th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The firm had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.35 billion. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. Sysco Corporation’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. equities analysts expect that Sysco Corporation will post 2.78 EPS for the current fiscal year.

In other Sysco Corporation news, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $51.31, for a total value of $1,539,300.00. Following the completion of the transaction, the chief executive officer now owns 406,725 shares in the company, valued at $20,869,059.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $51.76, for a total value of $807,456.00. Following the completion of the transaction, the insider now owns 58,776 shares of the company’s stock, valued at approximately $3,042,245.76. The disclosure for this sale can be found here. Insiders sold 2,125,781 shares of company stock valued at $114,211,628 in the last quarter. 9.60% of the stock is currently owned by company insiders.

Sysco Corporation Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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