Sysco Co. (NYSE:SYY) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC trimmed its holdings in Sysco Co. (NYSE:SYY) by 13.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,480 shares of the company’s stock after selling 1,431 shares during the period. KCM Investment Advisors LLC’s holdings in Sysco were worth $740,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its position in Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 310 shares during the period. Ashton Thomas Securities LLC purchased a new position in Sysco in the third quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new position in shares of Sysco during the second quarter worth $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco during the third quarter worth $31,000. Finally, Focused Wealth Management Inc purchased a new position in shares of Sysco during the third quarter worth $37,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sysco Trading Down 0.0 %

Shares of Sysco stock opened at $74.95 on Friday. The company has a fifty day simple moving average of $75.93 and a 200-day simple moving average of $74.73. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.89. 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 stock has a market cap of $36.82 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.01 and a beta of 1.20.

Sysco (NYSE:SYY) last issued 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 company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Sysco Co. will post 4.57 EPS for the current fiscal year.

Insider Activity

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

About Sysco

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.