Nixon Peabody Trust Co. Sells 250 Shares of Sysco Co. (NYSE:SYY)

Nixon Peabody Trust Co. lessened its holdings in shares of Sysco Co. (NYSE:SYY) by 2.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,010 shares of the company’s stock after selling 250 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Sysco were worth $703,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Plimoth Trust Co. LLC grew its position in shares of Sysco by 0.6% in the 2nd quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock worth $1,610,000 after buying an additional 139 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after acquiring an additional 146 shares in the last quarter. Powers Advisory Group LLC increased its position in Sysco by 1.6% during the 2nd quarter. Powers Advisory Group LLC now owns 9,555 shares of the company’s stock valued at $682,000 after purchasing an additional 149 shares during the period. Cable Hill Partners LLC raised its holdings in Sysco by 3.9% in the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after purchasing an additional 152 shares in the last quarter. Finally, Arrow Financial Corp lifted its position in shares of Sysco by 0.8% in the 2nd quarter. Arrow Financial Corp now owns 19,993 shares of the company’s stock worth $1,427,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SYY shares. JPMorgan Chase & Co. 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 Monday, September 16th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Barclays increased their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company dropped their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $85.77.

Insider Activity at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

Sysco Stock Performance

NYSE:SYY traded up $0.48 on Monday, hitting $75.43. The stock had a trading volume of 88,349 shares, compared to its average volume of 3,143,295. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.89. The stock has a market cap of $37.05 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The business’s 50-day simple moving average is $75.93 and its two-hundred day simple moving average is $74.74.

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 the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business 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 firm posted $1.07 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Sysco Co. will post 4.57 earnings per share 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.