2,297 Shares in Sysco Co. (NYSE:SYY) Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust bought a new position in Sysco Co. (NYSE:SYY) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,297 shares of the company’s stock, valued at approximately $176,000.

A number of other large investors also recently modified their holdings of SYY. Ashton Thomas Securities LLC bought a new position in shares of Sysco in the 3rd quarter worth $26,000. Valley Wealth Managers Inc. bought a new position in Sysco during the 3rd quarter valued at $31,000. Stonebridge Financial Group LLC bought a new position in Sysco during the 4th quarter valued at $31,000. Focused Wealth Management Inc bought a new position in Sysco during the 3rd quarter valued at $37,000. Finally, Canoe Financial LP bought a new position in Sysco during the 3rd quarter valued at $38,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Price Performance

Shares of SYY stock opened at $70.68 on Thursday. The stock has a market cap of $34.58 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.88 and a beta of 1.17. The business’s fifty day moving average is $74.27 and its 200 day moving average is $75.72. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 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 prior year, the business earned $0.89 EPS. Research analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Activity

In other Sysco news, EVP Greg D. Bertrand sold 21,844 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 $1,747,520.00. Following the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of the 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 completion of 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 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. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SYY has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley decreased their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. UBS Group decreased their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Guggenheim reaffirmed a “buy” rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Finally, Truist Financial decreased their target price on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Sysco 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.