Stonebridge Financial Group LLC Buys Shares of 399 Sysco Co. (NYSE:SYY)

Stonebridge Financial Group LLC purchased a new position in Sysco Co. (NYSE:SYY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 399 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in Sysco in the 3rd quarter worth about $26,000. Valley Wealth Managers Inc. bought a new position in shares of Sysco in the third quarter valued at approximately $31,000. Focused Wealth Management Inc purchased a new position in Sysco during the third quarter valued at approximately $37,000. Canoe Financial LP bought a new stake in Sysco during the 3rd quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory bought a new position in Sysco in the 3rd quarter valued at $47,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. This represents a 11.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,270 shares of company stock worth $6,181,946. 0.54% of the stock is currently owned by company insiders.

Sysco Trading Down 1.1 %

Shares of SYY stock opened at $71.10 on Friday. The business has a 50-day moving average of $75.07 and a 200 day moving average of $75.86. 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 1-year low of $69.03 and a 1-year high of $82.33. The stock has a market capitalization of $34.78 billion, a PE ratio of 18.28, a P/E/G ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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, sell-side analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Morgan Stanley cut their price target on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Four investment 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. Based on data from MarketBeat.com, the stock presently 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.