Venturi Wealth Management LLC Has $1.33 Million Stake in Sysco Co. (NYSE:SYY)

Venturi Wealth Management LLC boosted its position in shares of Sysco Co. (NYSE:SYY) by 290.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Several other hedge funds have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB lifted its position in shares of Sysco by 185.5% in the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after acquiring an additional 20,356 shares during the period. Creative Planning grew its holdings in shares of Sysco by 3.6% in the 3rd quarter. Creative Planning now owns 196,876 shares of the company’s stock worth $15,368,000 after purchasing an additional 6,814 shares during the last quarter. Whittier Trust Co. grew its stake in Sysco by 19.4% during the third quarter. Whittier Trust Co. now owns 10,191 shares of the company’s stock worth $796,000 after buying an additional 1,659 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Sysco by 9.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,265 shares of the company’s stock valued at $333,000 after purchasing an additional 357 shares in the last quarter. Finally, Ledyard National Bank bought a new position in shares of Sysco in the third quarter valued at about $223,000. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 1.4 %

Shares of Sysco stock opened at $70.10 on Wednesday. The stock has a market cap of $34.30 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.88 and a beta of 1.17. 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 Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The business’s 50 day moving average is $74.46 and its 200-day moving average is $75.75.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates 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 company earned $0.89 earnings per share. Equities research analysts predict that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SYY shares. Jefferies Financial Group upped their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Morgan Stanley decreased 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. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Barclays dropped their price target on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

Insider Buying and Selling

In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. This represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,370 shares of company stock worth $5,965,519. Company insiders own 0.54% of the company’s stock.

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.