Curi RMB Capital LLC Sells 11,945 Shares of Sysco Co. (NYSE:SYY)

Curi RMB Capital LLC lowered its stake in Sysco Co. (NYSE:SYY - Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,517 shares of the company's stock after selling 11,945 shares during the period. Curi RMB Capital LLC's holdings in Sysco were worth $10,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SYY. Armstrong Advisory Group Inc. grew its stake in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock valued at $26,000 after acquiring an additional 310 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Sysco during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC bought a new position in Sysco during the second quarter valued at $25,000. Focused Wealth Management Inc bought a new stake in Sysco in the third quarter worth about $37,000. Finally, Canoe Financial LP purchased a new stake in Sysco in the third quarter worth $38,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Stock Performance

Sysco stock traded down $0.01 during mid-day trading on Friday, reaching $74.95. The company's stock had a trading volume of 2,634,538 shares, compared to its average volume of 3,157,056. The business has a 50 day moving average price of $76.00 and a 200-day moving average price of $74.74. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The firm has a market cap of $36.82 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.01 and a beta of 1.20.

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

Analysts Set New Price Targets

A number of research firms have commented on SYY. Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Barclays upped their price objective 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. StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 21st. Bank of America cut 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, Wells Fargo & Company dropped their price target on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.77.

Insider Buying and Selling

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 stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Sysco Company 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.