Private Advisor Group LLC Boosts Holdings in Sysco Co. (NYSE:SYY)

Private Advisor Group LLC lifted its holdings in shares of Sysco Co. (NYSE:SYY) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,722 shares of the company’s stock after acquiring an additional 7,640 shares during the quarter. Private Advisor Group LLC’s holdings in Sysco were worth $3,496,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Fortem Financial Group LLC lifted its position in shares of Sysco by 3.6% during the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after purchasing an additional 136 shares during the last quarter. S.A. Mason LLC raised its holdings in shares of Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock valued at $118,000 after buying an additional 150 shares during the last quarter. Cable Hill Partners LLC boosted its position in Sysco by 3.9% during the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after acquiring an additional 152 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Sysco by 12.3% in the fourth quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock valued at $108,000 after acquiring an additional 154 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of Sysco by 35.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $50,000 after purchasing an additional 173 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of SYY stock opened at $73.22 on Monday. The company has a market capitalization 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 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 12 month low of $69.03 and a 12 month high of $82.33. The stock has a 50 day moving average of $73.96 and a two-hundred day moving average of $75.68.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share 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 quarter last year, the company posted $0.89 EPS. As a group, equities analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

SYY has been the subject of a number of research reports. UBS Group reduced their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Barclays dropped their price target 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. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Morgan Stanley decreased their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Four 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 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 $519,920.00. Following the completion of the transaction, the senior vice president now owns 48,451 shares in the company, 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 SEC, which is accessible through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction that occurred on 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 owns 60,581 shares in the company, valued at approximately $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. Over the last three months, insiders sold 76,370 shares of company stock valued at $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.