Bigelow Investment Advisors LLC Grows Position in Sysco Co. (NYSE:SYY)

Bigelow Investment Advisors LLC raised its stake in shares of Sysco Co. (NYSE:SYY) by 12.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,909 shares of the company’s stock after purchasing an additional 650 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Sysco were worth $452,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Fortem Financial Group LLC boosted its holdings in Sysco by 3.6% in the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after purchasing an additional 136 shares during the last quarter. S.A. Mason LLC lifted its holdings in shares of Sysco by 10.7% during the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock valued at $118,000 after buying an additional 150 shares during the period. Cable Hill Partners LLC boosted its stake in shares of Sysco by 3.9% in the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after buying an additional 152 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Sysco by 12.3% in the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock worth $108,000 after acquiring an additional 154 shares during the period. Finally, JFS Wealth Advisors LLC increased its position in Sysco by 35.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $50,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 approximately $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the sale, the executive vice president now directly owns 60,581 shares in the company, valued at approximately $4,846,480. The trade was a 26.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company’s stock.

Sysco Price Performance

Shares of Sysco stock opened at $70.10 on Wednesday. The company 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. 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 stock’s 50-day simple moving average is $74.46 and its 200-day simple moving average is $75.75. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

Sysco (NYSE:SYY) last posted its quarterly earnings results 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 period in the prior year, the business posted $0.89 earnings per share. As a group, analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SYY has been the topic of several research reports. Truist Financial dropped their target price on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group upped their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. Finally, UBS Group reduced their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from 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.