Assetmark Inc. Purchases 193 Shares of Sysco Co. (NYSE:SYY)

Assetmark Inc. raised its position in shares of Sysco Co. (NYSE:SYY) by 18.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,230 shares of the company’s stock after acquiring an additional 193 shares during the quarter. Assetmark Inc.’s holdings in Sysco were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. National Pension Service lifted its position in shares of Sysco by 15.6% during the third quarter. National Pension Service now owns 1,237,017 shares of the company’s stock worth $96,562,000 after acquiring an additional 166,798 shares in the last quarter. ORG Partners LLC lifted its position in shares of Sysco by 3,159.0% during the second quarter. ORG Partners LLC now owns 7,072 shares of the company’s stock worth $495,000 after acquiring an additional 6,855 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Sysco by 11.6% during the second quarter. Wedge Capital Management L L P NC now owns 176,170 shares of the company’s stock worth $12,577,000 after acquiring an additional 18,296 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of Sysco by 205.0% during the first quarter. Shell Asset Management Co. now owns 14,305 shares of the company’s stock worth $1,161,000 after acquiring an additional 9,615 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Sysco by 163.4% during the first quarter. Cetera Investment Advisers now owns 285,012 shares of the company’s stock worth $23,137,000 after acquiring an additional 176,791 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Sysco

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

Wall Street Analysts Forecast Growth

SYY has been the topic of several recent research reports. Wells Fargo & Company dropped their target price 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 report on Wednesday, September 25th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Barclays increased their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $85.77.

Sysco Trading Down 0.0 %

NYSE SYY opened at $74.95 on Monday. The stock’s 50-day simple moving average is $75.93 and its two-hundred day simple moving average is $74.74. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.89. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The company has a market capitalization of $36.82 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.97 and a beta of 1.20.

Sysco (NYSE:SYY) last released 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 net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts forecast that Sysco Co. will post 4.57 EPS for the current fiscal year.

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.