Sysco Co. (NYSE:SYY) Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in shares of Sysco Co. (NYSE:SYY) by 6.3% during the fourth quarter, HoldingsChannel reports. The firm owned 14,823 shares of the company’s stock after selling 989 shares during the quarter. Savant Capital LLC’s holdings in Sysco were worth $1,133,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Harbour Trust & Investment Management Co boosted its stake in Sysco by 0.5% in the 4th quarter. Harbour Trust & Investment Management Co now owns 62,168 shares of the company’s stock worth $4,753,000 after buying an additional 294 shares during the last quarter. MFA Wealth Advisors LLC boosted its position in shares of Sysco by 8.5% in the fourth quarter. MFA Wealth Advisors LLC now owns 4,727 shares of the company’s stock worth $361,000 after acquiring an additional 370 shares during the last quarter. Angeles Wealth Management LLC purchased a new stake in Sysco in the fourth quarter valued at approximately $206,000. Kestra Private Wealth Services LLC increased its position in Sysco by 242.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 33,695 shares of the company’s stock worth $2,576,000 after purchasing an additional 23,850 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Sysco by 1.7% in the 4th quarter. Stephens Inc. AR now owns 27,260 shares of the company’s stock valued at $2,084,000 after purchasing an additional 462 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Buying and Selling

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,270 shares of company stock worth $6,181,946. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SYY. JPMorgan Chase & Co. cut their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. UBS Group decreased their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial reduced their price target on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.38.

Sysco Stock Performance

NYSE:SYY opened at $71.10 on Friday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The stock has a market cap of $34.78 billion, a P/E ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The firm has a 50-day moving average of $75.07 and a two-hundred day moving average of $75.86.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share 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 quarter last year, the firm posted $0.89 earnings per share. On average, research analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

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.