Cable Hill Partners LLC Trims Stock Holdings in Sysco Co. (NYSE:SYY)

Cable Hill Partners LLC lowered its position in shares of Sysco Co. (NYSE:SYY) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,351 shares of the company’s stock after selling 698 shares during the quarter. Cable Hill Partners LLC’s holdings in Sysco were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Sysco during the third quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in Sysco during the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new stake in Sysco during the third quarter valued at approximately $31,000. Focused Wealth Management Inc acquired a new stake in Sysco during the third quarter valued at approximately $37,000. Finally, HHM Wealth Advisors LLC raised its stake in Sysco by 107.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after buying an additional 321 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SYY shares. Truist Financial dropped their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company increased their price target on Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target 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 and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

Sysco Stock Down 0.3 %

SYY opened at $74.23 on Thursday. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The stock has a market cap of $36.32 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.88 and a beta of 1.17. The stock’s 50 day moving average price is $73.72 and its 200 day moving average price is $75.65.

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

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the firm’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 $1,747,520.00. Following the sale, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is owned by corporate 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.