PUREfi Wealth LLC Buys New Holdings in Sysco Co. (NYSE:SYY)

PUREfi Wealth LLC bought a new stake in Sysco Co. (NYSE:SYY) during the fourth quarter, Holdings Channel reports. The fund bought 3,185 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Sysco in the third quarter worth about $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the third quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the fourth quarter worth about $31,000. Focused Wealth Management Inc purchased a new stake in shares of Sysco in the third quarter worth about $37,000. Finally, Canoe Financial LP purchased a new stake in shares of Sysco in the third quarter worth about $38,000. 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 48,027 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sheila Talton sold 2,900 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,270 shares of company stock valued at $6,181,946 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Sysco Stock Performance

Shares of NYSE SYY opened at $71.10 on Friday. The stock has a fifty day moving average price of $74.88 and a two-hundred day moving average price of $75.84. 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 firm has a market cap of $34.78 billion, a P/E ratio of 18.28, 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.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. UBS Group reduced their price target on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.