Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in Sysco Co. (NYSE:SYY)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Sysco Co. (NYSE:SYY) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,935 shares of the company’s stock after buying an additional 27,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sysco were worth $7,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SYY. Ashton Thomas Securities LLC bought a new stake in Sysco in the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco in the 3rd quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new stake in Sysco in the 4th quarter worth approximately $31,000. Focused Wealth Management Inc bought a new stake in Sysco in the 3rd quarter worth approximately $37,000. Finally, Canoe Financial LP bought a new stake in Sysco in the 3rd quarter worth approximately $38,000. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on SYY shares. Jefferies Financial Group boosted their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Melius began coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Truist Financial lowered their price objective on Sysco from $85.00 to $83.00 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, Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Insider Buying and Selling

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,370 shares of company stock valued at $5,965,519 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Sysco Price Performance

SYY opened at $73.64 on Tuesday. 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 stock has a market capitalization of $36.02 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The stock’s 50 day moving average price is $73.85 and its 200-day moving average price is $75.67.

Sysco (NYSE:SYY) last posted its 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 in the previous year, the firm earned $0.89 EPS. On average, equities research analysts predict that Sysco Co. will post 4.58 EPS for the current year.

About Sysco

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.