Mn Services Vermogensbeheer B.V. Has $5.82 Million Stake in SYSCO Co. (SYY)

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Mn Services Vermogensbeheer B.V. grew its position in SYSCO Co. (NYSE:SYY) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,418 shares of the company’s stock after purchasing an additional 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in SYSCO were worth $5,817,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SYY. BP PLC lifted its position in shares of SYSCO by 94.5% during the 3rd quarter. BP PLC now owns 107,000 shares of the company’s stock valued at $7,837,000 after acquiring an additional 52,000 shares during the period. Virginia Retirement Systems ET AL lifted its position in shares of SYSCO by 24.8% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 742,200 shares of the company’s stock valued at $54,366,000 after acquiring an additional 147,600 shares during the period. WINTON GROUP Ltd lifted its position in shares of SYSCO by 9.6% during the 3rd quarter. WINTON GROUP Ltd now owns 291,332 shares of the company’s stock valued at $21,340,000 after acquiring an additional 25,522 shares during the period. Security National Trust Co. lifted its position in shares of SYSCO by 110.0% during the 3rd quarter. Security National Trust Co. now owns 2,100 shares of the company’s stock valued at $154,000 after acquiring an additional 1,100 shares during the period. Finally, Cadence Capital Management LLC lifted its position in shares of SYSCO by 1.5% during the 3rd quarter. Cadence Capital Management LLC now owns 69,010 shares of the company’s stock valued at $5,055,000 after acquiring an additional 994 shares during the period. 80.11% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on SYY. Loop Capital set a $75.00 target price on shares of SYSCO and gave the company a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. BMO Capital Markets set a $79.00 target price on shares of SYSCO and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group set a $75.00 target price on shares of SYSCO and gave the company a “buy” rating in a research report on Tuesday. ValuEngine downgraded shares of SYSCO from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley set a $69.00 target price on shares of SYSCO and gave the company a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. SYSCO has a consensus rating of “Hold” and an average target price of $73.15.

SYY opened at $64.45 on Wednesday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.21. SYSCO Co. has a 1-year low of $52.30 and a 1-year high of $75.98. The firm has a market cap of $37.12 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, November 5th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). SYSCO had a return on equity of 68.15% and a net margin of 2.44%. The business had revenue of $15.22 billion for the quarter, compared to analyst estimates of $15.39 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that SYSCO Co. will post 3.44 earnings per share for the current year.

In other news, Director Joshua D. Frank sold 816,640 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $75.00, for a total value of $61,248,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian R. Todd sold 9,147 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.82, for a total transaction of $675,231.54. Following the completion of the sale, the senior vice president now owns 11,747 shares of the company’s stock, valued at approximately $867,163.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,969,811 shares of company stock worth $297,370,093. Corporate insiders own 7.88% of the company’s stock.

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About SYSCO

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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