Naples Global Advisors LLC Sells 170 Shares of Sysco Co. (NYSE:SYY)

Naples Global Advisors LLC lowered its position in Sysco Co. (NYSE:SYY) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,845 shares of the company’s stock after selling 170 shares during the quarter. Naples Global Advisors LLC’s holdings in Sysco were worth $218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Avion Wealth grew its stake in Sysco by 7.8% in the fourth quarter. Avion Wealth now owns 4,791 shares of the company’s stock worth $366,000 after purchasing an additional 345 shares in the last quarter. Jmac Enterprises LLC bought a new stake in Sysco during the 4th quarter valued at $210,000. Kentucky Trust Co bought a new stake in Sysco during the 4th quarter valued at $859,000. Certuity LLC boosted its position in Sysco by 26.1% during the 4th quarter. Certuity LLC now owns 5,081 shares of the company’s stock valued at $389,000 after acquiring an additional 1,052 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its position in Sysco by 9.7% during the 4th quarter. Leavell Investment Management Inc. now owns 5,667 shares of the company’s stock valued at $433,000 after acquiring an additional 501 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several recent research reports. Barclays dropped their target price on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. UBS Group lowered their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. 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 company. Based on data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average target price of $84.38.

Insider Buying and Selling at Sysco

In other 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 transaction of $519,920.00. Following the sale, the senior vice president now directly owns 48,451 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 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 sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,270 shares of company stock worth $6,181,946. Insiders own 0.54% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $71.10 on Friday. The stock has a 50-day simple moving average of $75.07 and a two-hundred day simple moving average of $75.86. The firm has a market capitalization of $34.78 billion, a P/E ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.17. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting 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 last year, the company posted $0.89 earnings per share. On average, equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

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.