Illinois Municipal Retirement Fund Raises Holdings in Sysco Co. (NYSE:SYY)

Illinois Municipal Retirement Fund increased its position in shares of Sysco Co. (NYSE:SYY) by 10.0% in the 4th quarter, Holdings Channel reports. The firm owned 180,770 shares of the company’s stock after purchasing an additional 16,411 shares during the period. Illinois Municipal Retirement Fund’s holdings in Sysco were worth $13,822,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco during the third quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco during the fourth quarter worth approximately $31,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco during the third quarter worth approximately $31,000. Focused Wealth Management Inc purchased a new stake in shares of Sysco during the third quarter worth approximately $37,000. Finally, HHM Wealth Advisors LLC grew its holdings in Sysco by 107.4% in the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after buying an additional 321 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the 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 transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This represents a 11.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the 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 transaction, the executive vice president now directly owns 60,581 shares in the company, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $74.49 on Wednesday. The stock has a market cap of $36.44 billion, a PE ratio of 19.15, a P/E/G ratio of 1.88 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 twelve month low of $69.03 and a twelve month high of $82.33. The stock has a fifty day simple moving average of $73.78 and a 200-day simple moving average of $75.66.

Sysco (NYSE:SYY) last released its quarterly 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 previous year, the firm posted $0.89 earnings per share. Equities analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SYY. Melius Research upgraded Sysco to a “hold” rating in a report on Wednesday, December 18th. Truist Financial dropped their target price on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group upped their target price on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.