Panoramic Capital Partners LLC Buys Shares of 7,176 Sysco Co. (NYSE:SYY)

Panoramic Capital Partners LLC acquired a new position in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,176 shares of the company's stock, valued at approximately $549,000. Sysco accounts for approximately 0.5% of Panoramic Capital Partners LLC's holdings, making the stock its 24th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. raised its stake 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 worth $26,000 after buying an additional 310 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Sysco in the third quarter worth about $26,000. Valley Wealth Managers Inc. bought a new position in shares of Sysco in the third quarter worth about $31,000. Focused Wealth Management Inc bought a new position in shares of Sysco in the third quarter worth about $37,000. Finally, Canoe Financial LP bought a new position in shares of Sysco in the third quarter worth about $38,000. Institutional investors own 83.41% of the company's stock.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,270 shares of company stock worth $6,181,946. 0.54% of the stock is currently owned by company insiders.

Sysco Price Performance

NYSE SYY traded down $0.78 during trading on Friday, hitting $71.10. 2,542,035 shares of the stock traded hands, compared to its average volume of 3,490,244. The company has a market capitalization 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. The firm has a 50-day simple moving average of $75.07 and a 200-day simple moving average of $75.86. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share 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 quarter in the previous year, the firm posted $0.89 earnings per share. As a group, analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SYY. Guggenheim reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. Truist Financial decreased their target price on Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Barclays decreased their target price on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.38.

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.