JFS Wealth Advisors LLC Increases Stock Holdings in Sysco Co. (NYSE:SYY)

JFS Wealth Advisors LLC lifted its stake in shares of Sysco Co. (NYSE:SYY) by 35.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 656 shares of the company’s stock after buying an additional 173 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Sysco were worth $50,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SYY. J.W. Cole Advisors Inc. boosted its stake in Sysco by 5.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 6,956 shares of the company’s stock valued at $532,000 after acquiring an additional 375 shares in the last quarter. Allworth Financial LP boosted its position in shares of Sysco by 46.4% in the 4th quarter. Allworth Financial LP now owns 9,999 shares of the company’s stock valued at $734,000 after purchasing an additional 3,167 shares during the period. Aveo Capital Partners LLC grew its stake in Sysco by 21.7% during the 4th quarter. Aveo Capital Partners LLC now owns 10,476 shares of the company’s stock worth $801,000 after buying an additional 1,870 shares during the last quarter. PUREfi Wealth LLC acquired a new position in Sysco during the fourth quarter worth approximately $244,000. Finally, Asset Planning Inc purchased a new stake in Sysco in the fourth quarter valued at approximately $162,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SYY. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays dropped their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. 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. JPMorgan Chase & Co. dropped their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Four 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.38.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 76,370 shares of company stock valued at $5,965,519. Corporate insiders own 0.54% of the company’s stock.

Sysco Trading Down 1.4 %

Shares of SYY stock opened at $70.10 on Wednesday. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The business’s fifty day moving average price is $74.68 and its 200 day moving average price is $75.80. The firm has a market capitalization of $34.30 billion, a PE ratio of 18.02, a P/E/G ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the prior year, the firm posted $0.89 earnings per share. As a group, sell-side analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

About Sysco

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.