Sysco Co. (NYSE:SYY) Shares Acquired by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. grew its stake in shares of Sysco Co. (NYSE:SYY) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,499 shares of the company’s stock after purchasing an additional 5,415 shares during the quarter. Sysco makes up about 1.4% of Cabot Wealth Management Inc.’s holdings, making the stock its 29th biggest position. Cabot Wealth Management Inc.’s holdings in Sysco were worth $11,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYY. AMF Tjanstepension AB lifted 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 during the period. Private Advisor Group LLC grew its holdings in shares of Sysco by 0.5% during the third quarter. Private Advisor Group LLC now owns 38,082 shares of the company’s stock worth $2,973,000 after buying an additional 187 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Sysco by 0.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 98,361 shares of the company’s stock worth $7,678,000 after purchasing an additional 658 shares during the period. Assenagon Asset Management S.A. grew its holdings in Sysco by 10.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 15,997 shares of the company’s stock valued at $1,249,000 after buying an additional 1,551 shares during the period. Finally, Values First Advisors Inc. purchased a new stake in Sysco in the third quarter valued at approximately $53,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of SYY stock opened at $73.22 on Friday. The firm’s 50 day moving average price is $73.96 and its two-hundred day moving average price is $75.68. The stock has a market cap of $35.82 billion, a PE ratio of 18.82, a PEG ratio of 1.88 and a beta of 1.17. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 quarter in the previous year, the firm earned $0.89 earnings per share. As a group, analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SYY shares. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group dropped their price target on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Barclays decreased their price objective on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Four equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Insider Activity at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value 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. The trade was a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 21,844 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 60,581 shares in the company, valued at approximately $4,846,480. This represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,370 shares of company stock worth $5,965,519. 0.54% of the stock is currently owned by company insiders.

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.