Sysco Co. (NYSE:SYY) Stake Lifted by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its stake in Sysco Co. (NYSE:SYY) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,317 shares of the company’s stock after buying an additional 1,547 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Sysco were worth $6,829,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. DMKC Advisory Services LLC bought a new stake in Sysco in the 4th quarter valued at about $1,714,000. Advisor OS LLC increased its stake in shares of Sysco by 21.0% in the fourth quarter. Advisor OS LLC now owns 12,030 shares of the company’s stock valued at $920,000 after purchasing an additional 2,087 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Sysco by 10.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 180,770 shares of the company’s stock valued at $13,822,000 after buying an additional 16,411 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Sysco by 5.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 119,841 shares of the company’s stock worth $9,163,000 after buying an additional 5,738 shares during the period. Finally, Vaughan David Investments LLC IL grew its holdings in Sysco by 1.2% in the 4th quarter. Vaughan David Investments LLC IL now owns 479,772 shares of the company’s stock worth $36,683,000 after buying an additional 5,540 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Up 1.1 %

NYSE:SYY opened at $74.49 on Wednesday. The stock has a fifty day simple moving average of $73.78 and a 200 day simple moving average of $75.66. The firm has a market capitalization of $36.44 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth 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 company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 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 earnings per share. Sell-side analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 21,844 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 $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,370 shares of company stock valued at $5,965,519 in the last three months. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on SYY. Melius started coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. Truist Financial reduced their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Guggenheim reissued a “buy” rating and set a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.38.

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.