Cullen Frost Bankers Inc. lowered its holdings in Sysco Corporation (NYSE:SYY) by 52.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,900 shares of the company’s stock after selling 25,322 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Sysco Corporation were worth $1,235,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services lifted its holdings in Sysco Corporation by 293.2% in the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after acquiring an additional 1,463 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in Sysco Corporation by 10.7% in the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after acquiring an additional 225 shares during the period. Acrospire Investment Management LLC lifted its holdings in Sysco Corporation by 84.6% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after acquiring an additional 1,100 shares during the period. Manchester Capital Management LLC lifted its holdings in Sysco Corporation by 13.4% in the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after acquiring an additional 300 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its holdings in Sysco Corporation by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after acquiring an additional 12 shares during the period. 80.07% of the stock is owned by institutional investors.

Sysco Corporation (NYSE:SYY) opened at $53.98 on Thursday. Sysco Corporation has a one year low of $48.85 and a one year high of $57.23. The firm has a market cap of $27,492.14, a PE ratio of 20.62, a P/E/G ratio of 2.25 and a beta of 0.53. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 3.77.

Sysco Corporation (NYSE:SYY) last announced its earnings results on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. Sysco Corporation had a net margin of 2.12% and a return on equity of 58.47%. The firm had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. equities analysts expect that Sysco Corporation will post 2.78 earnings per share for the current fiscal year.

A number of equities research analysts have commented on SYY shares. Royal Bank Of Canada set a $50.00 target price on Sysco Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised Sysco Corporation from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Friday, July 21st. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a report on Monday, August 14th. Pivotal Research reissued a “hold” rating and issued a $53.00 target price on shares of Sysco Corporation in a report on Sunday. Finally, BMO Capital Markets set a $60.00 price target on Sysco Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sysco Corporation presently has an average rating of “Hold” and a consensus target price of $56.42.

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In related news, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $51.31, for a total value of $1,539,300.00. Following the completion of the transaction, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $20,869,059.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Delaney III sold 400,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $53.91, for a total transaction of $21,564,000.00. Following the completion of the transaction, the chief executive officer now directly owns 576,725 shares of the company’s stock, valued at approximately $31,091,244.75. The disclosure for this sale can be found here. Insiders sold a total of 2,125,781 shares of company stock valued at $114,211,628 in the last three months. 9.60% of the stock is currently owned by corporate insiders.

About Sysco Corporation

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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