Blackhawk Capital Partners LLC. Boosts Stock Holdings in Sysco Co. (NYSE:SYY)

Blackhawk Capital Partners LLC. grew its stake in shares of Sysco Co. (NYSE:SYY) by 9.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,861 shares of the company’s stock after buying an additional 1,339 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Sysco were worth $1,213,000 at the end of the most recent quarter.

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

Sysco Stock Performance

Shares of SYY opened at $73.64 on Tuesday. The stock has a market capitalization of $36.02 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The business’s fifty day moving average price is $73.85 and its 200 day moving average price is $75.67. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 prior year, the company posted $0.89 EPS. Equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SYY. Barclays reduced their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. UBS Group cut their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Truist Financial reduced their price target on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average price target of $84.38.

Insider Buying and Selling at Sysco

In related news, 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 completion of the transaction, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,370 shares of company stock worth $5,965,519 over the last ninety days. Company insiders own 0.54% of the company’s stock.

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.