Venturi Wealth Management LLC Purchases 12,938 Shares of Sysco Co. (NYSE:SYY)

Venturi Wealth Management LLC raised its holdings in Sysco Co. (NYSE:SYY - Free Report) by 290.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,387 shares of the company's stock after acquiring an additional 12,938 shares during the period. Venturi Wealth Management LLC's holdings in Sysco were worth $1,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SYY. Fortem Financial Group LLC grew its holdings in shares of Sysco by 3.6% during the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock worth $296,000 after purchasing an additional 136 shares during the last quarter. S.A. Mason LLC raised its position in shares of Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock worth $118,000 after purchasing an additional 150 shares during the period. Cable Hill Partners LLC raised its position in shares of Sysco by 3.9% during the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company's stock worth $316,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group grew its holdings in Sysco by 12.3% during the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company's stock worth $108,000 after buying an additional 154 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in Sysco by 35.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 656 shares of the company's stock worth $50,000 after buying an additional 173 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Insider Buying and Selling

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm'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 directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

SYY has been the subject of several recent research reports. Wells Fargo & Company decreased 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. UBS Group reduced their price objective on Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. 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 note on Wednesday, January 29th. Barclays reduced their price objective on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group upped their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sysco currently has a consensus rating of "Moderate Buy" and an average price target of $84.38.

Sysco Stock Performance

Shares of NYSE SYY traded up $2.00 during trading on Friday, reaching $73.22. 5,381,502 shares of the stock traded hands, compared to its average volume of 3,765,759. The company has a 50-day moving average of $74.10 and a 200-day moving average of $75.69. The stock has a market capitalization of $35.82 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. 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 issued 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 return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the previous year, the business posted $0.89 EPS. Analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

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.