Sysco Co. (NYSE:SYY) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in Sysco Co. (NYSE:SYY) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 172,523 shares of the company’s stock after purchasing an additional 644 shares during the period. D.A. Davidson & CO.’s holdings in Sysco were worth $13,191,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC grew its stake in shares of Sysco by 4.1% in the fourth quarter. Empower Advisory Group LLC now owns 1,054,448 shares of the company’s stock worth $80,623,000 after acquiring an additional 41,944 shares in the last quarter. Truist Financial Corp grew its stake in shares of Sysco by 1.1% in the fourth quarter. Truist Financial Corp now owns 307,207 shares of the company’s stock worth $23,489,000 after acquiring an additional 3,484 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Sysco by 6.9% in the fourth quarter. CIBC Asset Management Inc now owns 88,472 shares of the company’s stock worth $6,765,000 after acquiring an additional 5,722 shares in the last quarter. NTV Asset Management LLC grew its stake in shares of Sysco by 3.1% in the fourth quarter. NTV Asset Management LLC now owns 16,554 shares of the company’s stock worth $1,266,000 after acquiring an additional 502 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Sysco by 2.6% in the fourth quarter. Sanctuary Advisors LLC now owns 92,058 shares of the company’s stock worth $6,752,000 after acquiring an additional 2,373 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $70.10 on Wednesday. The company has a 50-day simple moving average of $74.68 and a 200-day simple moving average of $75.80. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. 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 stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.88 and a beta of 1.17.

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 the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the company earned $0.89 earnings per share. On average, analysts predict that Sysco Co. will post 4.58 EPS for the current year.

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 shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 directly owns 56,304 shares of the company’s stock, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,370 shares of company stock valued at $5,965,519 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Melius assumed coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price for the company. Guggenheim reiterated a “buy” rating and set a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. UBS Group lowered their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Melius Research upgraded shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Sysco Company 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.