Blackhawk Capital Partners LLC. lifted its holdings in shares of Sysco Co. (NYSE:SYY – Free Report) by 9.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,861 shares of the company’s stock after acquiring an additional 1,339 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Sysco were worth $1,213,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. National Pension Service raised its holdings in Sysco by 15.6% during the third quarter. National Pension Service now owns 1,237,017 shares of the company’s stock worth $96,562,000 after purchasing an additional 166,798 shares in the last quarter. New England Asset Management Inc. raised its stake in Sysco by 12.7% during the 3rd quarter. New England Asset Management Inc. now owns 131,360 shares of the company’s stock worth $10,254,000 after acquiring an additional 14,810 shares in the last quarter. Empowered Funds LLC lifted its position in Sysco by 29.0% in the third quarter. Empowered Funds LLC now owns 78,333 shares of the company’s stock valued at $6,115,000 after acquiring an additional 17,587 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Sysco by 11.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock valued at $521,874,000 after acquiring an additional 672,940 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Sysco by 7.7% during the third quarter. Captrust Financial Advisors now owns 124,341 shares of the company’s stock worth $9,706,000 after purchasing an additional 8,891 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.
Sysco Price Performance
Shares of NYSE:SYY opened at $73.64 on Tuesday. 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 company has a 50-day moving average price of $73.85 and a 200 day moving average price of $75.67. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The company has a market cap of $36.02 billion, a P/E ratio of 18.93, a PEG ratio of 1.88 and a beta of 1.17.
Insiders Place Their Bets
In other Sysco news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $519,920.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the transaction, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,370 shares of company stock worth $5,965,519. 0.54% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
SYY has been the subject of several research reports. Guggenheim reissued a “buy” rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Truist Financial decreased their price target on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group lowered their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Four equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.38.
View Our Latest Stock Analysis on Sysco
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.
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