Empower Advisory Group LLC Buys 41,944 Shares of Sysco Co. (NYSE:SYY)

Empower Advisory Group LLC lifted its position in Sysco Co. (NYSE:SYY - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,054,448 shares of the company's stock after buying an additional 41,944 shares during the period. Empower Advisory Group LLC owned approximately 0.21% of Sysco worth $80,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SYY. Truist Financial Corp increased its holdings in Sysco by 1.1% during 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. CIBC Asset Management Inc increased its stake in shares of Sysco by 6.9% in the 4th quarter. CIBC Asset Management Inc now owns 88,472 shares of the company's stock worth $6,765,000 after purchasing an additional 5,722 shares in the last quarter. NTV Asset Management LLC raised its holdings in Sysco by 3.1% in the 4th quarter. NTV Asset Management LLC now owns 16,554 shares of the company's stock worth $1,266,000 after purchasing an additional 502 shares during the period. Sanctuary Advisors LLC lifted its position in Sysco by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 92,058 shares of the company's stock valued at $6,752,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Kerusso Capital Management LLC grew its holdings in Sysco by 119.6% during the fourth quarter. Kerusso Capital Management LLC now owns 39,969 shares of the company's stock valued at $3,056,000 after purchasing an additional 21,770 shares during the period. Institutional investors own 83.41% of the company's stock.

Sysco Price Performance

Shares of SYY traded up $2.00 during mid-day trading on Friday, hitting $73.22. 5,381,502 shares of the stock were exchanged, compared to its average volume of 3,765,759. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The company has a market cap of $35.82 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33. The firm has a 50-day moving average of $73.96 and a two-hundred day moving average of $75.68.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting 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 prior year, the business earned $0.89 EPS. On average, equities analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SYY shares. Truist Financial reduced their target price 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. Wells Fargo & Company decreased their price objective on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Guggenheim reaffirmed a "buy" rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Barclays decreased their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Finally, Melius Research raised Sysco to a "hold" rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and an average target price of $84.38.

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.