Universal Beteiligungs und Servicegesellschaft mbH Cuts Position in Sysco Corporation (NYSE:SYY)

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 396,831 shares of the company's stock after selling 8,513 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Sysco worth $29,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SYY. Rialto Wealth Management LLC raised its position in Sysco by 188.7% during the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock valued at $25,000 after acquiring an additional 217 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in Sysco during the fourth quarter worth $29,000. Golden State Wealth Management LLC grew its position in Sysco by 48.4% during the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after buying an additional 140 shares during the period. Capital A Wealth Management LLC purchased a new position in Sysco in the fourth quarter valued at $34,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Sysco in the fourth quarter worth about $35,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sheila Talton sold 356 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total value of $25,219.04. Following the transaction, the director owned 12,738 shares of the company's stock, valued at $902,359.92. This represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the transaction, the executive vice president owned 56,304 shares of the company's stock, valued at approximately $4,504,320. This represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,962 shares of company stock valued at $6,271,305. 0.54% of the stock is currently owned by company insiders.

Sysco Price Performance

SYY traded up $0.39 during trading on Friday, reaching $80.25. The company's stock had a trading volume of 2,951,667 shares, compared to its average volume of 2,574,986. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 6.37. The firm has a fifty day simple moving average of $75.40 and a two-hundred day simple moving average of $73.47. The company has a market cap of $38.90 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.40 and a beta of 0.81. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $82.23.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SYY. Guggenheim restated a "buy" rating and set a $82.00 target price on shares of Sysco in a research report on Tuesday, July 8th. Wells Fargo & Company dropped their price objective on Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen cut Sysco from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Bank of America increased their target price on Sysco from $81.00 to $93.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Barclays cut their price target on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $83.23.

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.