Sysco Co. (NYSE:SYY) Stake Lessened by Cable Hill Partners LLC

Cable Hill Partners LLC lowered its holdings in Sysco Co. (NYSE:SYY) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,351 shares of the company’s stock after selling 698 shares during the period. Cable Hill Partners LLC’s holdings in Sysco were worth $256,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco in the third quarter valued at $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the third quarter valued at $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the fourth quarter valued at $31,000. Focused Wealth Management Inc purchased a new stake in shares of Sysco in the third quarter valued at $37,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after purchasing an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SYY. Truist Financial reduced 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 increased their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company increased their price objective on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Melius Research upgraded Sysco to a “hold” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.77.

Sysco Stock Down 0.3 %

SYY stock opened at $74.23 on Thursday. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. The company has a market cap of $36.32 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The business’s 50-day simple moving average is $73.72 and its 200 day simple moving average is $75.65. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

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 firm earned $0.89 EPS. On average, research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco 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 of the company’s stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is currently owned by corporate insiders.

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.