C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 4,333 Sysco Co. (NYSE:SYY)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB lifted its position in Sysco by 185.5% during the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company's stock valued at $2,446,000 after acquiring an additional 20,356 shares during the last quarter. Creative Planning lifted its stake in shares of Sysco by 3.6% during the third quarter. Creative Planning now owns 196,876 shares of the company's stock worth $15,368,000 after buying an additional 6,814 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Sysco by 0.4% during the third quarter. Vontobel Holding Ltd. now owns 50,126 shares of the company's stock worth $3,913,000 after buying an additional 218 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Sysco by 3.6% during the third quarter. Cornerstone Wealth Management LLC now owns 9,540 shares of the company's stock worth $745,000 after buying an additional 331 shares during the period. Finally, Walter Public Investments Inc. lifted its stake in shares of Sysco by 21.7% during the third quarter. Walter Public Investments Inc. now owns 162,830 shares of the company's stock worth $12,711,000 after buying an additional 29,078 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Sysco Price Performance

Shares of SYY stock traded down $0.78 on Monday, reaching $71.10. 2,542,035 shares of the company were exchanged, compared to its average volume of 3,927,183. The company has a market cap of $34.78 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.88 and a beta of 1.17. The business has a 50-day moving average price of $74.88 and a 200 day moving average price of $75.83. 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 1 year low of $69.03 and a 1 year high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting analysts' consensus estimates 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 earnings per share. Equities research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at Sysco

In other Sysco 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 transaction, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. The trade was a 11.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,270 shares of company stock valued at $6,181,946 over the last 90 days. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Barclays decreased their target price 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. JPMorgan Chase & Co. decreased their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Guggenheim restated a "buy" rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Finally, Melius assumed coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price for the company. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sysco currently has an average rating of "Moderate Buy" and an average target price of $84.38.

Sysco Company 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.