Kintegral Advisory LLC Reduces Stock Holdings in Sysco Co. (NYSE:SYY)

Kintegral Advisory LLC cut its position in shares of Sysco Co. (NYSE:SYY) by 4.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,128 shares of the company’s stock after selling 518 shares during the quarter. Kintegral Advisory LLC’s holdings in Sysco were worth $851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SYY. Ashton Thomas Securities LLC acquired a new stake in shares of Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. purchased a new position in Sysco in the third quarter worth approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in Sysco during the fourth quarter worth $31,000. Focused Wealth Management Inc purchased a new stake in Sysco in the third quarter valued at $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco in the 3rd quarter valued at $38,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Up 2.8 %

SYY opened at $73.22 on Friday. The business has a fifty day moving average price of $73.96 and a 200 day moving average price of $75.68. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The stock has a market capitalization of $35.82 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.88 and a beta of 1.17.

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 prior year, the firm earned $0.89 earnings per share. Sell-side analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their position. 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 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 $519,920.00. Following the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,370 shares of company stock worth $5,965,519. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYY has been the subject of a number of recent analyst reports. Barclays cut their price objective on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Truist Financial decreased their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their target price 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 assigned 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 price target of $84.38.

Sysco 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.