Blue Trust Inc. Has $1.14 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Blue Trust Inc. lowered its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 29.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,906 shares of the company's stock after selling 6,201 shares during the period. Blue Trust Inc.'s holdings in Sysco were worth $1,140,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SYY. Ashton Thomas Securities LLC acquired a new position in shares of Sysco during the third quarter valued at about $26,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco during the third quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in Sysco in the fourth quarter worth about $31,000. Focused Wealth Management Inc acquired a new position in Sysco in the third quarter worth about $37,000. Finally, Canoe Financial LP acquired a new position in Sysco in the third quarter worth about $38,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Price Performance

Shares of SYY traded up $0.68 during mid-day trading on Wednesday, hitting $70.68. 6,832,266 shares of the company traded hands, compared to its average volume of 3,643,311. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The business has a 50-day moving average of $74.46 and a 200 day moving average of $75.75. The stock has a market capitalization of $34.58 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 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 quarter in the previous year, the company earned $0.89 EPS. As a group, equities analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SYY. 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. Truist Financial dropped their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Barclays dropped their price target on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.38.

Insider Activity at Sysco

In related news, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction 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 represents a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,370 shares of company stock worth $5,965,519 over the last ninety days. Company insiders own 0.54% of the company's stock.

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.