Illinois Municipal Retirement Fund Grows Stock Position in Sysco Co. (NYSE:SYY)

Illinois Municipal Retirement Fund boosted its stake in shares of Sysco Co. (NYSE:SYY) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 180,770 shares of the company’s stock after buying an additional 16,411 shares during the period. Illinois Municipal Retirement Fund’s holdings in Sysco were worth $13,822,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB grew its position in shares of Sysco by 185.5% during the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after buying an additional 20,356 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Sysco by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 38,082 shares of the company’s stock worth $2,973,000 after buying an additional 187 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Sysco by 10.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 15,997 shares of the company’s stock worth $1,249,000 after buying an additional 1,551 shares in the last quarter. Allworth Financial LP grew its position in shares of Sysco by 2.7% during the 3rd quarter. Allworth Financial LP now owns 6,832 shares of the company’s stock worth $533,000 after buying an additional 182 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sysco by 15.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,084 shares of the company’s stock worth $4,278,000 after buying an additional 7,302 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 1.1 %

Shares of NYSE:SYY opened at $74.49 on Wednesday. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33. The stock has a market cap of $36.44 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.88 and a beta of 1.17. 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 business has a 50-day moving average price of $73.78 and a 200-day moving average price of $75.66.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 period in the previous year, the business earned $0.89 earnings per share. Equities analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SYY shares. Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Jefferies Financial Group raised their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. Truist Financial dropped their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Barclays dropped their price objective on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

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 stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the senior vice president now owns 48,451 shares of the company’s stock, 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. Insiders sold a total of 76,370 shares of company stock worth $5,965,519 over the last three months. 0.54% of the stock is currently owned by insiders.

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.