AIFG Consultants Ltd. Sells 6,895 Shares of Sysco Co. (NYSE:SYY)

AIFG Consultants Ltd. decreased its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 59.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,693 shares of the company's stock after selling 6,895 shares during the quarter. AIFG Consultants Ltd.'s holdings in Sysco were worth $359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Sysco by 11.1% during the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company's stock worth $2,130,617,000 after purchasing an additional 2,721,449 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Sysco by 11.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock worth $521,874,000 after buying an additional 672,940 shares in the last quarter. Primecap Management Co. CA boosted its holdings in Sysco by 9.7% in the 3rd quarter. Primecap Management Co. CA now owns 4,796,439 shares of the company's stock valued at $374,410,000 after purchasing an additional 422,954 shares during the period. Montrusco Bolton Investments Inc. increased its holdings in shares of Sysco by 8.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 4,790,665 shares of the company's stock worth $366,789,000 after purchasing an additional 375,409 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Sysco by 4.1% in the third quarter. Janus Henderson Group PLC now owns 4,265,723 shares of the company's stock valued at $332,983,000 after buying an additional 168,163 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Trading Down 1.0 %

Shares of NYSE:SYY traded down $0.75 during midday trading on Friday, hitting $71.12. 1,427,813 shares of the stock were exchanged, compared to its average volume of 3,449,999. The business's 50-day moving average price is $75.07 and its 200 day moving average price is $75.86. The stock has a market capitalization of $34.80 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.88 and a beta of 1.17. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the company posted $0.89 earnings per share. Analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their position. The sale 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 the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now directly owns 12,955 shares of the company's stock, valued at $966,831.65. This represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on SYY shares. Guggenheim reissued a "buy" rating and set a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Truist Financial cut their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised their target price on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. Four research 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 MarketBeat, Sysco presently has an average rating of "Moderate Buy" and a consensus target price 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.