Empowered Funds LLC lowered its position in Sysco Co. (NYSE:SYY - Free Report) by 29.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,066 shares of the company's stock after selling 23,267 shares during the period. Empowered Funds LLC's holdings in Sysco were worth $4,210,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Sysco in the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. bought a new position in Sysco during the 3rd quarter valued at approximately $31,000. Focused Wealth Management Inc bought a new position in Sysco during the 3rd quarter valued at approximately $37,000. Canoe Financial LP bought a new position in Sysco during the 3rd quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory bought a new position in Sysco during the 3rd quarter valued at approximately $47,000. Institutional investors own 83.41% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Truist Financial reduced their price objective on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Melius assumed coverage on Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price objective for the company. Melius Research raised Sysco to a "hold" rating in a research report on Wednesday, December 18th. Guggenheim reaffirmed a "buy" rating and set a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Finally, StockNews.com raised Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Four 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.38.
Check Out Our Latest Report on SYY
Sysco Stock Performance
Shares of SYY stock traded down $0.78 on Friday, reaching $71.10. The stock had a trading volume of 2,542,035 shares, compared to its average volume of 3,927,183. The stock has a market cap of $34.78 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. 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 50 day simple moving average of $74.88 and a 200 day simple moving average of $75.84.
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, hitting 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 posted $0.89 EPS. Equities research analysts expect that Sysco Co. will post 4.58 EPS for the current year.
Insider Transactions at Sysco
In related news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction 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 transaction, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,270 shares of company stock worth $6,181,946 in the last ninety days. Insiders own 0.54% of the company's stock.
About Sysco
(
Free Report)
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.
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