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

Bryn Mawr Capital Management LLC decreased its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 79.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,258 shares of the company's stock after selling 69,512 shares during the period. Bryn Mawr Capital Management LLC's holdings in Sysco were worth $1,396,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Sysco in the third quarter valued at about $26,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco during the 3rd quarter worth about $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Sysco in the 4th quarter valued at about $31,000. Focused Wealth Management Inc bought a new stake in Sysco in the third quarter valued at approximately $37,000. Finally, Canoe Financial LP acquired a new stake in Sysco in the third quarter worth $38,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Stock Up 2.8 %

Shares of Sysco stock traded up $2.00 during trading hours on Friday, reaching $73.22. 5,381,502 shares of the company's stock were exchanged, compared to its average volume of 3,765,759. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The company has a 50 day moving average of $74.10 and a two-hundred day moving average of $75.69. The stock has a market cap of $35.82 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.87 and a beta of 1.17. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the prior year, the business earned $0.89 earnings per share. On average, sell-side analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 48,451 shares of the company's stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction that occurred on 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 transaction, the executive vice president now owns 60,581 shares of the company's stock, valued at $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Barclays dropped their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Melius Research raised Sysco to a "hold" rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group increased their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Sysco currently has an average rating of "Moderate Buy" and an average target price of $84.38.

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.