NTV Asset Management LLC Has $1.27 Million Stock Holdings in Sysco Co. (NYSE:SYY)

NTV Asset Management LLC lifted its holdings in Sysco Co. (NYSE:SYY) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,554 shares of the company’s stock after buying an additional 502 shares during the quarter. NTV Asset Management LLC’s holdings in Sysco were worth $1,266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Sysco in the 3rd quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Sysco in the 4th quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco in the 3rd quarter valued at approximately $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco in the 3rd quarter valued at approximately $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco in the 3rd quarter valued at approximately $38,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Down 1.1 %

Shares of Sysco stock opened at $71.10 on Monday. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The stock has a market cap of $34.78 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The business’s 50 day moving average is $74.88 and its 200-day moving average is $75.84.

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

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the 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 sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This represents a 11.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 in the company, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,270 shares of company stock worth $6,181,946. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SYY. JPMorgan Chase & Co. reduced their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Truist Financial reduced their price target on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Melius began coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target for the company. 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 research report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.