MQS Management LLC Has $523,000 Stock Holdings in Sysco Co. (NYSE:SYY)

MQS Management LLC raised its holdings in shares of Sysco Co. (NYSE:SYY) by 92.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,695 shares of the company’s stock after acquiring an additional 3,223 shares during the quarter. MQS Management LLC’s holdings in Sysco were worth $523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYY. Plimoth Trust Co. LLC lifted its position in Sysco by 0.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock worth $1,610,000 after buying an additional 139 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after purchasing an additional 146 shares in the last quarter. Powers Advisory Group LLC increased its position in shares of Sysco by 1.6% during the 2nd quarter. Powers Advisory Group LLC now owns 9,555 shares of the company’s stock worth $682,000 after purchasing an additional 149 shares during the last quarter. Arrow Financial Corp raised its stake in shares of Sysco by 0.8% during the 2nd quarter. Arrow Financial Corp now owns 19,993 shares of the company’s stock worth $1,427,000 after purchasing an additional 155 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its holdings in shares of Sysco by 1.5% in the 2nd quarter. KCM Investment Advisors LLC now owns 10,911 shares of the company’s stock valued at $779,000 after buying an additional 161 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Jefferies Financial Group lifted their target price on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Bank of America reduced their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.77.

Insider Transactions at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the sale, the senior vice president now owns 48,451 shares in the company, valued at $3,638,670.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

Sysco Stock Down 0.8 %

SYY stock opened at $76.66 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. Sysco Co. has a 52 week low of $67.77 and a 52 week high of $82.89. The company has a market cap of $37.66 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The business has a 50-day simple moving average of $76.12 and a 200 day simple moving average of $74.73.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 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 firm had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Profile

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.