Kestra Private Wealth Services LLC Raises Stock Holdings in Sysco Co. (NYSE:SYY)

Kestra Private Wealth Services LLC increased its position in Sysco Co. (NYSE:SYY - Free Report) by 242.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,695 shares of the company's stock after buying an additional 23,850 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Sysco were worth $2,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB increased its position in Sysco by 185.5% during the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company's stock valued at $2,446,000 after purchasing an additional 20,356 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Sysco by 455.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,024 shares of the company's stock valued at $314,000 after purchasing an additional 3,300 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Sysco by 19.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,272 shares of the company's stock worth $412,000 after buying an additional 860 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Sysco by 147.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 20,533 shares of the company's stock worth $1,603,000 after buying an additional 12,235 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Sysco by 3.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company's stock worth $383,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Buying and Selling

In related news, Director Sheila Talton sold 2,900 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SYY. Melius began coverage on Sysco in a report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target on the stock. Barclays cut 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. Morgan Stanley cut their price target on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Melius Research upgraded Sysco to a "hold" rating in a report on Wednesday, December 18th. Finally, UBS Group cut their target price on Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. 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 stock. According to MarketBeat, Sysco has a consensus rating of "Moderate Buy" and a consensus price target of $84.38.

Sysco Stock Down 1.1 %

SYY traded down $0.78 during mid-day trading on Friday, reaching $71.10. 2,542,035 shares of the stock were exchanged, compared to its average volume of 3,927,183. 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 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. The company has a 50 day moving average price of $74.88 and a two-hundred day moving average price of $75.84. 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 posted its quarterly earnings data 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 net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the prior year, the business posted $0.89 EPS. As a group, research analysts anticipate that Sysco Co. will post 4.58 EPS for the current year.

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.