Bryn Mawr Capital Management LLC Sells 69,512 Shares of Sysco Co. (NYSE:SYY)

Bryn Mawr Capital Management LLC lowered its holdings in shares of Sysco Co. (NYSE:SYY) by 79.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,258 shares of the company’s stock after selling 69,512 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Sysco were worth $1,396,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fortem Financial Group LLC raised its holdings in Sysco by 3.6% during the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after buying an additional 136 shares during the period. S.A. Mason LLC increased its position in shares of Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock worth $118,000 after acquiring an additional 150 shares in the last quarter. Cable Hill Partners LLC raised its holdings in shares of Sysco by 3.9% during the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after acquiring an additional 152 shares during the period. Brooklyn Investment Group lifted its position in Sysco by 12.3% in the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock valued at $108,000 after acquiring an additional 154 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of Sysco by 35.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 656 shares of the company’s stock worth $50,000 after buying an additional 173 shares during the period. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of SYY opened at $71.12 on Friday. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The firm has a market capitalization of $34.79 billion, a PE ratio of 18.28, a PEG ratio of 1.85 and a beta of 1.17. The company’s 50-day moving average is $74.10 and its 200-day moving average is $75.69. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the business posted $0.89 EPS. Equities analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SYY shares. Guggenheim restated a “buy” rating and set a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. UBS Group dropped their target price on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered 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. Finally, Melius began coverage on Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.38.

Sysco 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.