Kintegral Advisory LLC Trims Stock Holdings in Sysco Co. (NYSE:SYY)

Kintegral Advisory LLC lessened its position in shares of Sysco Co. (NYSE:SYY) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,128 shares of the company’s stock after selling 518 shares during the quarter. Kintegral Advisory LLC’s holdings in Sysco were worth $851,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Sysco in the third quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in Sysco during the 4th quarter valued at approximately $31,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco in the 3rd quarter valued at $31,000. Focused Wealth Management Inc acquired a new stake in shares of Sysco in the third quarter worth $37,000. Finally, Canoe Financial LP purchased a new position in shares of Sysco during the third quarter worth $38,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity at Sysco

In other news, 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 sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % 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 insiders.

Sysco Stock Up 2.8 %

SYY stock opened at $73.22 on Friday. Sysco Co. has a 52 week low of $69.03 and a 52 week 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. The firm has a 50-day simple moving average of $73.96 and a 200-day simple moving average of $75.68. The stock has a market capitalization of $35.82 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last posted its quarterly earnings data 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 quarter last year, the company posted $0.89 earnings per share. Equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on SYY. Morgan Stanley cut their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Barclays decreased their price target on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company decreased their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given 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.

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.