Pine Valley Investments Ltd Liability Co Sells 378 Shares of Sysco Co. (NYSE:SYY)

Pine Valley Investments Ltd Liability Co trimmed its holdings in Sysco Co. (NYSE:SYY) by 9.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,711 shares of the company’s stock after selling 378 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Sysco were worth $284,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp lifted its position in Sysco by 11.1% in the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company’s stock valued at $2,130,617,000 after acquiring an additional 2,721,449 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sysco in the third quarter worth approximately $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 valued at $208,666,000 after purchasing an additional 933,327 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Sysco by 11.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock valued at $521,874,000 after buying an additional 672,940 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in Sysco during the third quarter worth $44,722,000. 83.41% of the stock is owned by institutional investors.

Sysco Stock Performance

NYSE:SYY opened at $74.23 on Thursday. The company has a market capitalization of $36.32 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.88 and a beta of 1.17. The business has a fifty day simple moving average of $73.72 and a two-hundred day simple moving average of $75.65. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the company posted $0.89 earnings per share. On average, analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on SYY. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Barclays dropped their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley reduced their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. UBS Group decreased their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Insider Activity

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

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.