Walter Public Investments Inc. Sells 28,095 Shares of Sysco Co. (NYSE:SYY)

Walter Public Investments Inc. lessened its holdings in shares of Sysco Co. (NYSE:SYY) by 17.3% during the 4th quarter, HoldingsChannel reports. The firm owned 134,735 shares of the company’s stock after selling 28,095 shares during the period. Sysco comprises approximately 1.8% of Walter Public Investments Inc.’s holdings, making the stock its 27th largest holding. Walter Public Investments Inc.’s holdings in Sysco were worth $10,302,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Sysco during the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco in the 3rd quarter valued at approximately $31,000. Stonebridge Financial Group LLC bought a new stake in Sysco in the 4th quarter valued at approximately $31,000. Focused Wealth Management Inc bought a new stake in Sysco in the 3rd quarter valued at approximately $37,000. Finally, HHM Wealth Advisors LLC lifted its stake 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 acquiring an additional 321 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.3 %

SYY stock opened at $74.23 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The firm has a market capitalization of $36.32 billion, a PE ratio of 19.08, a PEG 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 business’s 50 day simple moving average is $73.72 and its 200 day simple moving average is $75.65.

Sysco (NYSE:SYY) last posted 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 last year, the firm posted $0.89 EPS. As a group, research analysts anticipate that Sysco Co. will post 4.58 EPS for the current year.

Insider Buying and Selling

In other Sysco 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 value of $519,920.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the company’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 $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at approximately $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley cut their target price on 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 cut their target price on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their target price on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. 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, the company currently has an average rating of “Moderate Buy” and an average price target of $84.77.

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.