Sysco Co. (NYSE:SYY) Shares Acquired by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC increased its holdings in shares of Sysco Co. (NYSE:SYY) by 35.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 656 shares of the company’s stock after acquiring 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 also recently bought and sold shares of SYY. Ashton Thomas Securities LLC acquired a new position in shares of Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new position in Sysco during the third quarter worth $31,000. Stonebridge Financial Group LLC purchased a new stake in Sysco in the 4th quarter valued at $31,000. Focused Wealth Management Inc acquired a new stake in shares of Sysco in the 3rd quarter worth $37,000. Finally, Canoe Financial LP purchased a new position in shares of Sysco during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SYY shares. Truist Financial cut their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. UBS Group lowered their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, ten have assigned 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 a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Sysco Stock Performance

Shares of SYY stock opened at $70.10 on Wednesday. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The firm has a 50 day moving average of $74.68 and a two-hundred day moving average of $75.80. 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 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 released its 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 return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the firm earned $0.89 earnings per share. On average, research analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the transaction, the executive vice president now owns 60,581 shares in the company, valued at $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were 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. This represents a 11.83 % decrease in their ownership of the stock. 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. 0.54% of the stock is currently owned by corporate 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.