Ghe LLC Has $1.28 Million Position in Sysco Co. (NYSE:SYY)

Ghe LLC increased its stake in Sysco Co. (NYSE:SYY) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,423 shares of the company’s stock after purchasing an additional 585 shares during the quarter. Ghe LLC’s holdings in Sysco were worth $1,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYY. AMF Tjanstepension AB lifted its holdings in shares of Sysco by 185.5% during the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after buying an additional 20,356 shares during the last quarter. Private Advisor Group LLC lifted 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 during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Sysco by 10.7% during the third quarter. Assenagon Asset Management S.A. now owns 15,997 shares of the company’s stock worth $1,249,000 after buying an additional 1,551 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of Sysco by 0.9% during the third quarter. Dakota Wealth Management now owns 24,037 shares of the company’s stock worth $1,876,000 after buying an additional 217 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Sysco during the third quarter worth approximately $599,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the 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 sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 21,844 shares of the 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 completion of the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at $4,846,480. This trade represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,370 shares of company stock valued at $5,965,519 over the last 90 days. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYY. Melius began coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Truist Financial lowered their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered 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. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Sysco Price Performance

Sysco stock opened at $73.22 on Monday. 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 Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The firm has a market cap of $35.82 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.88 and a beta of 1.17. The business’s fifty day moving average is $73.96 and its two-hundred day moving average is $75.68.

Sysco (NYSE:SYY) last issued 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 return on equity of 106.30% and a net margin of 2.40%. During the same quarter last year, the firm earned $0.89 EPS. Equities research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

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.