Roundview Capital LLC Sells 14,345 Shares of Sysco Corporation (NYSE:SYY)

Roundview Capital LLC trimmed its stake in shares of Sysco Corporation (NYSE:SYY - Free Report) by 32.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,497 shares of the company's stock after selling 14,345 shares during the period. Roundview Capital LLC's holdings in Sysco were worth $2,288,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC increased its stake in shares of Sysco by 4.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,956 shares of the company's stock valued at $226,000 after acquiring an additional 139 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. MV Capital Management Inc. increased its stake in shares of Sysco by 0.4% during the 4th quarter. MV Capital Management Inc. now owns 34,330 shares of the company's stock valued at $2,625,000 after acquiring an additional 144 shares during the last quarter. Nemes Rush Group LLC increased its stake in shares of Sysco by 5.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,631 shares of the company's stock valued at $201,000 after acquiring an additional 147 shares during the last quarter. Finally, FineMark National Bank & Trust increased its stake in shares of Sysco by 1.8% during the 4th quarter. FineMark National Bank & Trust now owns 8,580 shares of the company's stock valued at $656,000 after acquiring an additional 149 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Stock Performance

Shares of SYY traded down $0.82 during trading hours on Thursday, reaching $79.94. 2,707,704 shares of the company's stock traded hands, compared to its average volume of 2,552,883. The firm has a market capitalization of $38.75 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 2.41 and a beta of 0.81. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.26 and a quick ratio of 0.76. Sysco Corporation has a twelve month low of $67.12 and a twelve month high of $82.23. The business's fifty day simple moving average is $75.25 and its two-hundred day simple moving average is $73.44.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). The business had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.11 billion. Sysco had a net margin of 2.36% and a return on equity of 107.96%. Sysco's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. Analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Insider Activity at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total value of $3,046,086.00. Following the sale, the executive vice president owned 30,235 shares of the company's stock, valued at approximately $2,449,035. This represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,962 shares of company stock worth $6,271,305 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SYY. Guggenheim reissued a "buy" rating and set a $82.00 target price on shares of Sysco in a research report on Tuesday, July 8th. BMO Capital Markets lowered their price objective on shares of Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, Citigroup assumed coverage on Sysco in a research note on Thursday, May 22nd. They set a "neutral" rating and a $78.00 target price for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Sysco currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.23.

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.