Summit Place Financial Advisors LLC Sells 896 Shares of Sysco Co. (NYSE:SYY)

Summit Place Financial Advisors LLC lessened its stake in shares of Sysco Co. (NYSE:SYY) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,054 shares of the company’s stock after selling 896 shares during the period. Summit Place Financial Advisors LLC’s holdings in Sysco were worth $386,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco in the third quarter worth about $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the third quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the fourth quarter worth about $31,000. Focused Wealth Management Inc purchased a new stake in shares of Sysco in the third quarter worth about $37,000. Finally, Canoe Financial LP purchased a new stake in Sysco during the third quarter valued at approximately $38,000. 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 Sysco 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 completion of the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of Sysco 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 transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,370 shares of company stock worth $5,965,519 in the last 90 days. Insiders own 0.54% of the company’s stock.

Sysco Stock Down 1.4 %

Sysco stock opened at $70.10 on Wednesday. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.88 and a beta of 1.17. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The business has a fifty day moving average price of $74.46 and a 200-day moving average price of $75.75.

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 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 period last year, the business posted $0.89 earnings per share. Equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SYY. Truist Financial reduced their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Melius began coverage on Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target on the stock. Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group dropped their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

About Sysco

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.