Sysco Co. (NYSE:SYY) Shares Bought by Sabal Trust CO

Sabal Trust CO increased its holdings in Sysco Co. (NYSE:SYY) by 82.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,956 shares of the company’s stock after acquiring an additional 7,206 shares during the quarter. Sabal Trust CO’s holdings in Sysco were worth $1,220,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB raised its stake in Sysco by 185.5% during the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock valued at $2,446,000 after buying an additional 20,356 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Sysco by 0.5% in the third quarter. Private Advisor Group LLC now owns 38,082 shares of the company’s stock worth $2,973,000 after purchasing an additional 187 shares during the period. Assenagon Asset Management S.A. increased its stake in Sysco by 10.7% during the third quarter. Assenagon Asset Management S.A. now owns 15,997 shares of the company’s stock valued at $1,249,000 after purchasing an additional 1,551 shares during the last quarter. Allworth Financial LP lifted its position in shares of Sysco by 2.7% in the 3rd quarter. Allworth Financial LP now owns 6,832 shares of the company’s stock worth $533,000 after buying an additional 182 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Sysco by 15.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,084 shares of the company’s stock worth $4,278,000 after acquiring an additional 7,302 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Up 1.1 %

Shares of SYY opened at $74.49 on Wednesday. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33. The stock has a fifty day moving average price of $73.78 and a two-hundred day moving average price of $75.66. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The company has a market cap of $36.44 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share 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 quarter in the prior year, the company earned $0.89 earnings per share. Analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the business’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 $519,920.00. Following the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group cut their price target on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley cut their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. 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. Finally, Wells Fargo & Company dropped their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.