Atria Wealth Solutions Inc. Boosts Holdings in Sysco Co. (NYSE:SYY)

Atria Wealth Solutions Inc. increased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,581 shares of the company's stock after acquiring an additional 9,913 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Sysco were worth $5,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of Sysco by 290.8% during the 4th quarter. Venturi Wealth Management LLC now owns 17,387 shares of the company's stock valued at $1,329,000 after acquiring an additional 12,938 shares during the last quarter. D.A. Davidson & CO. lifted its position in Sysco by 0.4% in the fourth quarter. D.A. Davidson & CO. now owns 172,523 shares of the company's stock valued at $13,191,000 after buying an additional 644 shares during the last quarter. Empower Advisory Group LLC lifted its position in Sysco by 4.1% in the fourth quarter. Empower Advisory Group LLC now owns 1,054,448 shares of the company's stock valued at $80,623,000 after buying an additional 41,944 shares during the last quarter. Truist Financial Corp lifted its position in Sysco by 1.1% in the fourth quarter. Truist Financial Corp now owns 307,207 shares of the company's stock valued at $23,489,000 after buying an additional 3,484 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Sysco by 6.9% in the fourth quarter. CIBC Asset Management Inc now owns 88,472 shares of the company's stock valued at $6,765,000 after buying an additional 5,722 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Wall Street Analyst Weigh In

SYY has been the topic of a number of recent analyst reports. Melius Research raised shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target on the stock. Barclays reduced their price target on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. UBS Group reduced their price target on shares of Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group increased their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.38.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the sale, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is owned by company insiders.

Sysco Stock Performance

Shares of NYSE SYY traded up $2.06 during mid-day trading on Friday, hitting $73.28. 2,425,044 shares of the company were exchanged, compared to its average volume of 3,669,927. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The stock has a 50 day simple moving average of $74.10 and a 200-day simple moving average of $75.69. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.93 EPS 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 period in the prior year, the company earned $0.89 earnings per share. On average, sell-side analysts forecast that Sysco Co. will post 4.58 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.