Sysco Corporation (SYY) Position Lifted by FDx Advisors Inc.

FDx Advisors Inc. boosted its holdings in shares of Sysco Corporation (NYSE:SYY) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,396 shares of the company’s stock after buying an additional 7,652 shares during the period. FDx Advisors Inc.’s holdings in Sysco Corporation were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SYY. First Personal Financial Services increased its position in Sysco Corporation by 293.2% during the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after buying an additional 1,463 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in Sysco Corporation by 10.7% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after buying an additional 225 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Sysco Corporation by 84.6% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after purchasing an additional 1,100 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Sysco Corporation by 13.4% in the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after purchasing an additional 300 shares during the period. Finally, Kistler Tiffany Companies LLC increased 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 purchasing an additional 12 shares during the period. 80.30% of the stock is currently owned by institutional investors.

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Shares of Sysco Corporation (NYSE SYY) traded down $0.01 on Monday, hitting $54.18. The stock had a trading volume of 396,174 shares, compared to its average volume of 2,934,361. Sysco Corporation has a 1 year low of $48.85 and a 1 year high of $57.23. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. The stock has a market capitalization of $28,236.04, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53.

Sysco Corporation (NYSE:SYY) last issued its earnings results on Monday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Sysco Corporation had a return on equity of 58.47% and a net margin of 2.12%. The firm had revenue of $14.65 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. equities research analysts expect that Sysco Corporation will post 2.77 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 that occurred on Wednesday, October 18th. The stock was sold at an average price of $54.71, for a total transaction of $1,641,300.00. Following the transaction, the chief executive officer now owns 406,725 shares in the company, valued at $22,251,924.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wayne Shurts sold 15,600 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 58,776 shares in the company, 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 worth $114,211,628 in the last 90 days. Company insiders own 9.60% of the company’s stock.

A number of brokerages have recently weighed in on SYY. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price objective on shares of Sysco Corporation in a report on Friday, August 4th. Pivotal Research set a $53.00 price objective on Sysco Corporation and gave the company a “hold” rating in a report on Sunday, August 13th. BMO Capital Markets set a $60.00 price objective on Sysco Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a report on Monday, July 17th. Finally, Zacks Investment Research lowered Sysco Corporation from a “buy” rating to a “hold” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $56.42.

About Sysco Corporation

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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