Bryn Mawr Capital Management LLC Has $1.40 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Bryn Mawr Capital Management LLC trimmed its position in Sysco Co. (NYSE:SYY) by 79.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,258 shares of the company’s stock after selling 69,512 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Sysco were worth $1,396,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SYY. State Street Corp boosted its stake in Sysco by 11.1% in the third quarter. State Street Corp now owns 27,294,612 shares of the company’s stock valued at $2,130,617,000 after buying an additional 2,721,449 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Sysco during the third quarter worth about $137,900,000. Nordea Investment Management AB lifted its holdings in shares of Sysco by 52.3% in the fourth quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company’s stock worth $208,666,000 after acquiring an additional 933,327 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Sysco by 11.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock valued at $521,874,000 after purchasing an additional 672,940 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Sysco during the 3rd quarter valued at approximately $44,722,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. The trade was a 11.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at approximately $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,370 shares of company stock valued at $5,965,519 in the last ninety days. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. UBS Group dropped their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Melius started coverage on Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Sysco Stock Up 0.6 %

Sysco stock opened at $71.12 on Friday. The firm has a market cap of $34.79 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.85 and a beta of 1.17. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The firm has a 50 day moving average price of $74.10 and a two-hundred day moving average price of $75.69.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Equities analysts predict that Sysco Co. will post 4.58 EPS for the current year.

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.