Schnieders Capital Management LLC Has $1.18 Million Stock Position in Sysco Co. (NYSE:SYY)

Schnieders Capital Management LLC decreased its stake in shares of Sysco Co. (NYSE:SYY) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,465 shares of the company’s stock after selling 343 shares during the quarter. Schnieders Capital Management LLC’s holdings in Sysco were worth $1,182,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB increased its holdings 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 acquiring an additional 20,356 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings 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 acquiring an additional 1,551 shares during the last quarter. Allworth Financial LP increased its holdings 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 acquiring an additional 182 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 acquiring an additional 7,302 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Sysco by 49.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,210 shares of the company’s stock worth $407,000 after acquiring an additional 1,721 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,370 shares of company stock valued at $5,965,519 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $74.23 on Thursday. The stock has a fifty day moving average price of $73.72 and a 200-day moving average price of $75.65. The company has a market cap of $36.32 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.88 and a beta of 1.17. 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 fifty-two week low of $69.03 and a fifty-two week high of $82.33.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share 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 in the prior year, the business posted $0.89 earnings per share. As a group, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SYY. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley decreased their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group boosted their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Truist Financial reduced their price target on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $84.77.

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.