Sysco Co. (NYSE:SYY) Shares Sold by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC cut its stake in Sysco Co. (NYSE:SYY) by 9.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,846 shares of the company’s stock after selling 750 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Sysco were worth $534,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in shares of Sysco during the 1st quarter worth about $250,000. Edgestream Partners L.P. acquired a new position in shares of Sysco during the 1st quarter worth approximately $489,000. Covestor Ltd grew its stake in Sysco by 323.2% in the 1st quarter. Covestor Ltd now owns 1,151 shares of the company’s stock valued at $93,000 after acquiring an additional 879 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Sysco by 87.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 62,063 shares of the company’s stock worth $5,038,000 after acquiring an additional 29,009 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in Sysco by 301.0% during the first quarter. UniSuper Management Pty Ltd now owns 18,046 shares of the company’s stock valued at $1,465,000 after purchasing an additional 13,546 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 1.1 %

Shares of SYY opened at $75.76 on Tuesday. 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 $37.22 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company’s 50-day moving average price is $75.87 and its 200 day moving average price is $74.75. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share 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 company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same quarter last year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Sysco Co. will post 4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

Sysco Company 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.