Kentucky Trust Co Invests $859,000 in Sysco Co. (NYSE:SYY)

Kentucky Trust Co acquired a new stake in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,232 shares of the company's stock, valued at approximately $859,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. increased its holdings in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock valued at $26,000 after purchasing an additional 310 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Sysco in the third quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Sysco in the fourth quarter valued at about $31,000. Valley Wealth Managers Inc. bought a new stake in shares of Sysco in the third quarter valued at about $31,000. Finally, Focused Wealth Management Inc bought a new stake in shares of Sysco in the third quarter valued at about $37,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SYY has been the subject of a number of recent research reports. 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 research report on Wednesday, January 29th. Melius Research raised shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Guggenheim reissued a "buy" rating and issued a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price objective 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. 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. According to MarketBeat.com, Sysco has an average rating of "Moderate Buy" and an average price target of $84.38.

Sysco Price Performance

Shares of SYY stock traded down $0.78 on Friday, reaching $71.10. The company had a trading volume of 2,542,035 shares, compared to its average volume of 3,927,183. The business's 50-day moving average is $74.88 and its 200 day moving average is $75.84. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The stock has a market capitalization of $34.78 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data 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 return on equity of 106.30% and a net margin of 2.40%. During the same period in the prior year, the company earned $0.89 earnings per share. Equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Activity

In other Sysco news, 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 sale, the senior vice president now owns 48,451 shares of the company's stock, valued at approximately $3,876,080. This represents a 11.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,747,520.00. Following the sale, the executive vice president now directly owns 60,581 shares of the company's stock, valued at $4,846,480. This represents a 26.50 % decrease in their position. 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 quarter. 0.54% of the stock is owned by company insiders.

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.