Sysco Corporation (SYY) Shares Sold by Breton Hill Capital Ltd.

Breton Hill Capital Ltd. reduced its stake in shares of Sysco Corporation (NYSE:SYY) by 30.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,724 shares of the company’s stock after selling 6,002 shares during the period. Breton Hill Capital Ltd.’s holdings in Sysco Corporation were worth $740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services lifted its holdings in shares of Sysco Corporation by 293.2% during the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock worth $106,000 after acquiring an additional 1,463 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of Sysco Corporation by 10.7% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock worth $118,000 after acquiring an additional 225 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Sysco Corporation by 84.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $121,000 after acquiring an additional 1,100 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Sysco Corporation by 13.4% during the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock worth $128,000 after acquiring an additional 300 shares during the last quarter. Finally, Kistler Tiffany Companies LLC lifted its holdings in shares of Sysco Corporation by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after acquiring an additional 12 shares during the last quarter. 80.07% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on SYY shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a report on Monday, July 17th. Zacks Investment Research raised shares of Sysco Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Friday, July 21st. BMO Capital Markets set a $60.00 price target on shares of Sysco Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price target on shares of Sysco Corporation in a research note on Friday, August 4th. Finally, Royal Bank Of Canada set a $50.00 price target on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.42.

In related news, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $51.31, for a total transaction of $1,539,300.00. Following the transaction, the chief executive officer now owns 406,725 shares in the company, valued at $20,869,059.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Wayne Shurts sold 15,600 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $51.76, for a total transaction 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. Corporate insiders own 9.60% of the company’s stock.

Sysco Corporation (NYSE:SYY) traded up $0.17 during mid-day trading on Friday, hitting $54.19. 1,717,858 shares of the company’s stock were exchanged, compared to its average volume of 2,435,198. Sysco Corporation has a 12-month low of $48.85 and a 12-month high of $57.23. The stock has a market capitalization of $28,147.46, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.50 and a beta of 0.53. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.40 and a quick ratio of 0.83.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Sysco Corporation had a net margin of 2.12% and a return on equity of 58.47%. The firm had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. research analysts expect that Sysco Corporation will post 2.77 EPS for the current fiscal year.

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Sysco Corporation Company Profile

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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