C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $331,000 in Sysco Co. (NYSE:SYY)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,333 shares of the company's stock, valued at approximately $331,000.

Several other large investors have also bought and sold shares of SYY. Ashton Thomas Securities LLC acquired a new position in Sysco during the third quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in Sysco in the 4th quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new position in Sysco during the 3rd quarter valued at $31,000. Focused Wealth Management Inc bought a new stake in Sysco in the 3rd quarter valued at $37,000. Finally, Canoe Financial LP acquired a new stake in Sysco in the 3rd quarter worth $38,000. Institutional investors own 83.41% of the company's stock.

Sysco Stock Up 2.8 %

Sysco stock traded up $2.00 during mid-day trading on Friday, reaching $73.22. The company's stock had a trading volume of 5,381,502 shares, compared to its average volume of 3,765,759. The company has a market capitalization of $35.82 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17. The business's 50 day simple moving average is $74.10 and its 200 day simple moving average is $75.69. 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 Co. has a 12 month low of $69.03 and a 12 month high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last issued its 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 prior year, the company posted $0.89 earnings per share. As a group, research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SYY. UBS Group cut their price objective on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group upped their target price on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Guggenheim reiterated a "buy" rating and set a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Melius Research upgraded shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their target price on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $84.38.

Insider Activity

In other news, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 60,581 shares of the company's stock, valued at approximately $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco 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 sale, the senior vice president now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 76,370 shares of company stock worth $5,965,519. 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.