Sysco Co. (NYSE:SYY) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC decreased its holdings in Sysco Co. (NYSE:SYY) by 68.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,596 shares of the company’s stock after selling 16,648 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sysco were worth $593,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SYY. Plimoth Trust Co. LLC grew its holdings in shares of Sysco by 0.6% in the 2nd quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock worth $1,610,000 after acquiring an additional 139 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in Sysco by 3.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after buying an additional 146 shares during the period. Powers Advisory Group LLC raised its holdings in Sysco by 1.6% during the 2nd quarter. Powers Advisory Group LLC now owns 9,555 shares of the company’s stock worth $682,000 after buying an additional 149 shares during the period. Arrow Financial Corp lifted its stake in Sysco by 0.8% during the second quarter. Arrow Financial Corp now owns 19,993 shares of the company’s stock valued at $1,427,000 after buying an additional 155 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its holdings in shares of Sysco by 1.5% in the second quarter. KCM Investment Advisors LLC now owns 10,911 shares of the company’s stock worth $779,000 after buying an additional 161 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.0 %

Sysco stock opened at $74.95 on Friday. 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 1-year low of $69.03 and a 1-year high of $82.89. The firm’s fifty day simple moving average is $75.93 and its 200-day simple moving average is $74.73. The company has a market capitalization of $36.82 billion, a P/E ratio of 19.27, a P/E/G ratio of 2.01 and a beta of 1.20.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period in the prior year, the firm earned $1.07 EPS. Sysco’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Sysco

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.