Clarkston Capital Partners LLC Sells 125,291 Shares of Sysco Co. (NYSE:SYY)

Clarkston Capital Partners LLC reduced its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,189,205 shares of the company's stock after selling 125,291 shares during the quarter. Sysco accounts for approximately 3.1% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 11th biggest holding. Clarkston Capital Partners LLC owned approximately 0.45% of Sysco worth $170,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in shares of Sysco in the second quarter valued at about $25,000. Armstrong Advisory Group Inc. increased its position in Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock worth $26,000 after acquiring an additional 310 shares during the period. Ashton Thomas Securities LLC bought a new position in Sysco during the third quarter worth about $26,000. Valley Wealth Managers Inc. bought a new position in Sysco during the third quarter worth about $31,000. Finally, Focused Wealth Management Inc bought a new position in Sysco during the third quarter worth about $37,000. 83.41% of the stock is owned by institutional investors.

Sysco Trading Up 1.1 %

NYSE SYY traded up $0.81 during trading hours on Monday, reaching $75.76. The company's stock had a trading volume of 2,877,096 shares, compared to its average volume of 3,155,801. The firm has a fifty day simple moving average of $75.93 and a 200-day simple moving average of $74.74. The stock has a market cap of $37.22 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.97 and a beta of 1.20. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.04). The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. Equities analysts forecast that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SYY. Barclays raised their price target on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 21st. Jefferies Financial Group increased their price objective on shares of Sysco from $91.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.77.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares of the company's stock, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.