Winebrenner Capital Management LLC Makes New Investment in Sysco Co. (NYSE:SYY)

Winebrenner Capital Management LLC acquired a new position in shares of Sysco Co. (NYSE:SYY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,200 shares of the company’s stock, valued at approximately $627,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB increased its position in Sysco by 185.5% during the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after buying an additional 20,356 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Sysco by 39.4% in the third quarter. Foundations Investment Advisors LLC now owns 9,267 shares of the company’s stock valued at $723,000 after acquiring an additional 2,621 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Sysco by 11.5% during the third quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the company’s stock worth $1,582,000 after acquiring an additional 2,093 shares during the period. Private Advisor Group LLC raised its stake in Sysco by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 38,082 shares of the company’s stock worth $2,973,000 after purchasing an additional 187 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Sysco in the 3rd quarter valued at about $237,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the transaction, the executive vice president now owns 60,581 shares in the company, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, 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 three months, insiders have sold 76,370 shares of company stock worth $5,965,519. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SYY shares. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Truist Financial lowered their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. UBS Group dropped their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Morgan Stanley reduced their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. Four equities research 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. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Sysco Trading Up 2.8 %

Shares of Sysco stock opened at $73.22 on Friday. The firm’s 50 day moving average is $73.96 and its 200 day moving average is $75.68. The firm has a market capitalization of $35.82 billion, a PE ratio of 18.82, a price-to-earnings-growth 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 1 year low of $69.03 and a 1 year high of $82.33.

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

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.