New York State Teachers Retirement System Has $34.10 Million Stock Position in Sysco Co. (NYSE:SYY)

New York State Teachers Retirement System decreased its position in Sysco Co. (NYSE:SYY - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 446,029 shares of the company's stock after selling 19,473 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Sysco worth $34,103,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SYY. State Street Corp increased its position in shares of Sysco by 11.1% during the third quarter. State Street Corp now owns 27,294,612 shares of the company's stock worth $2,130,617,000 after acquiring an additional 2,721,449 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Sysco by 11.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock worth $521,874,000 after buying an additional 672,940 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Sysco by 9.7% during the 3rd quarter. Primecap Management Co. CA now owns 4,796,439 shares of the company's stock worth $374,410,000 after buying an additional 422,954 shares during the last quarter. Montrusco Bolton Investments Inc. increased its position in shares of Sysco by 8.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 4,790,665 shares of the company's stock worth $366,789,000 after purchasing an additional 375,409 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Sysco by 4.1% in the third quarter. Janus Henderson Group PLC now owns 4,265,723 shares of the company's stock valued at $332,983,000 after buying an additional 168,163 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Guggenheim reiterated a "buy" rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Barclays lowered their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Truist Financial cut 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 started coverage on Sysco in a report on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sysco presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.38.

Sysco Price Performance

SYY stock traded up $0.68 during mid-day trading on Wednesday, hitting $70.68. The stock had a trading volume of 6,832,258 shares, compared to its average volume of 3,643,229. The firm has a fifty day simple moving average of $74.46 and a 200 day simple moving average of $75.75. The firm has a market capitalization of $34.58 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the business earned $0.89 EPS. As a group, research analysts forecast 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 the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 56,304 shares of the company's stock, valued at $4,335,408. This represents a 46.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the transaction, the senior vice president now owns 48,451 shares of the company's stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company's stock.

Sysco 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.