Lavaca Capital LLC Sells 2,000 Shares of Sysco Co. (NYSE:SYY)

Lavaca Capital LLC trimmed its position in Sysco Co. (NYSE:SYY) by 0.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 232,600 shares of the company’s stock after selling 2,000 shares during the quarter. Sysco comprises about 11.0% of Lavaca Capital LLC’s portfolio, making the stock its 2nd biggest holding. Lavaca Capital LLC’s holdings in Sysco were worth $18,882,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Sysco by 40.1% during the 4th quarter. Pacer Advisors Inc. now owns 82,239 shares of the company’s stock worth $6,014,000 after purchasing an additional 23,558 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Sysco during the 4th quarter valued at approximately $202,000. Blue Trust Inc. raised its position in shares of Sysco by 21.7% during the 4th quarter. Blue Trust Inc. now owns 3,124 shares of the company’s stock valued at $228,000 after buying an additional 558 shares during the period. Caprock Group LLC raised its position in shares of Sysco by 7.5% during the 4th quarter. Caprock Group LLC now owns 9,005 shares of the company’s stock valued at $659,000 after buying an additional 630 shares during the period. Finally, Occidental Asset Management LLC purchased a new stake in shares of Sysco during the 4th quarter valued at approximately $207,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Up 0.6 %

Shares of SYY stock traded up $0.41 on Monday, reaching $73.26. 3,776,874 shares of the stock were exchanged, compared to its average volume of 3,098,273. The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 5.77. The business’s 50 day moving average price is $72.24 and its 200 day moving average price is $76.07. The company has a market capitalization of $36.48 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.96 and a beta of 1.18. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. Sysco had a net margin of 2.66% and a return on equity of 99.88%. The company had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $19.74 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Sysco’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Sysco Co. will post 4.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SYY has been the topic of several analyst reports. Morgan Stanley reduced their price target on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft cut their target price on Sysco from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Truist Financial dropped their price target on shares of Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Piper Sandler dropped their price target on shares of Sysco from $83.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Guggenheim upgraded shares of Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.