Good Life Advisors LLC Sells 833 Shares of Sysco Co. (NYSE:SYY)

Good Life Advisors LLC cut its stake in Sysco Co. (NYSE:SYY) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,917 shares of the company’s stock after selling 833 shares during the quarter. Good Life Advisors LLC’s holdings in Sysco were worth $376,000 as of its most recent SEC filing.

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

Insider Transactions at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction that occurred 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s 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 sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,370 shares of company stock worth $5,965,519. Insiders own 0.54% of the company’s stock.

Sysco Price Performance

NYSE SYY opened at $71.12 on Friday. The firm’s fifty day simple moving average is $74.10 and its two-hundred day simple moving average is $75.69. The firm has a market capitalization of $34.79 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a current ratio of 1.20, a quick ratio of 0.68 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.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the business posted $0.89 EPS. Analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial cut their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. lowered their price target on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Finally, StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.