Delta Financial Advisors LLC trimmed its holdings in SYSCO Co. (NYSE:SYY) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,422 shares of the company’s stock after selling 1,393 shares during the period. SYSCO accounts for approximately 1.6% of Delta Financial Advisors LLC’s holdings, making the stock its 17th largest position. Delta Financial Advisors LLC’s holdings in SYSCO were worth $3,971,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SYY. BlackRock Inc. raised its holdings in shares of SYSCO by 3.3% in the 2nd quarter. BlackRock Inc. now owns 31,130,419 shares of the company’s stock worth $2,201,542,000 after purchasing an additional 1,004,706 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of SYSCO by 3.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 7,863 shares of the company’s stock worth $624,000 after purchasing an additional 258 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of SYSCO by 7.0% in the 3rd quarter. Wealthfront Advisers LLC now owns 17,408 shares of the company’s stock worth $1,382,000 after purchasing an additional 1,142 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of SYSCO by 3.9% in the 3rd quarter. DNB Asset Management AS now owns 166,178 shares of the company’s stock worth $13,195,000 after purchasing an additional 6,269 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of SYSCO by 13.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,740 shares of the company’s stock valued at $2,758,000 after acquiring an additional 4,059 shares during the period. 78.62% of the stock is owned by institutional investors.

SYY stock opened at $78.34 on Friday. SYSCO Co. has a 52-week low of $65.24 and a 52-week high of $85.98. The company’s 50 day simple moving average is $82.21 and its 200-day simple moving average is $79.00. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.25 and a quick ratio of 0.74. The firm has a market capitalization of $39.14 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.05 and a beta of 0.48.

SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $15.03 billion for the quarter, compared to analyst estimates of $15.11 billion. SYSCO had a net margin of 3.00% and a return on equity of 78.49%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Sell-side analysts predict that SYSCO Co. will post 3.8 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group cut their price target on shares of SYSCO from $89.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Co lowered shares of SYSCO from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $90.00 to $75.00 in a report on Tuesday, February 4th. Piper Jaffray Companies assumed coverage on shares of SYSCO in a report on Thursday, December 12th. They set an “overweight” rating and a $94.00 price target on the stock. Piper Sandler restated a “neutral” rating and set a $90.00 price target (down previously from $94.00) on shares of SYSCO in a report on Tuesday, January 14th. Finally, ValuEngine lowered shares of SYSCO from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $79.20.

In other SYSCO news, SVP Brian R. Todd sold 12,520 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $85.06, for a total value of $1,064,951.20. Following the transaction, the senior vice president now owns 28,145 shares in the company, valued at approximately $2,394,013.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas Bene sold 39,384 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $85.00, for a total transaction of $3,347,640.00. Following the completion of the transaction, the chief executive officer now owns 132,929 shares in the company, valued at approximately $11,298,965. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,028 shares of company stock worth $13,690,242. Company insiders own 5.24% of the company’s stock.

About SYSCO

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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