Werba Rubin Papier Wealth Management Takes Position in Sysco Co. (NYSE:SYY)

Werba Rubin Papier Wealth Management acquired a new position in Sysco Co. (NYSE:SYY) during the fourth quarter, Holdings Channel.com reports. The firm acquired 2,948 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in Sysco by 185.5% in the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock valued at $2,446,000 after acquiring an additional 20,356 shares in the last quarter. Creative Planning grew its stake in Sysco by 3.6% in the third quarter. Creative Planning now owns 196,876 shares of the company’s stock worth $15,368,000 after purchasing an additional 6,814 shares in the last quarter. Whittier Trust Co. increased its holdings in Sysco by 19.4% in the third quarter. Whittier Trust Co. now owns 10,191 shares of the company’s stock valued at $796,000 after buying an additional 1,659 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Sysco by 9.1% during the third quarter. Raleigh Capital Management Inc. now owns 4,265 shares of the company’s stock valued at $333,000 after buying an additional 357 shares in the last quarter. Finally, Ledyard National Bank bought a new position in Sysco during the 3rd quarter worth approximately $223,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of NYSE:SYY opened at $70.10 on Wednesday. The firm has a market capitalization of $34.30 billion, a PE ratio of 18.02, a PEG 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. The business’s 50 day moving average is $74.46 and its 200-day moving average is $75.75.

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 the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the firm posted $0.89 EPS. Sell-side analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on SYY shares. Jefferies Financial Group boosted their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group dropped their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley lowered their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Melius started coverage on Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target on the stock. Finally, Wells Fargo & Company lowered their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Insider Activity

In other Sysco 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 transaction of $3,698,079.00. Following the completion of the transaction, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,370 shares of company stock worth $5,965,519. Company insiders own 0.54% of the company’s stock.

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.