Motco Has $156,000 Stock Holdings in SYSCO Co. (NYSE:SYY)

Motco boosted its holdings in shares of SYSCO Co. (NYSE:SYY) by 51.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,820 shares of the company’s stock after acquiring an additional 620 shares during the quarter. Motco’s holdings in SYSCO were worth $156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SYY. BlackRock Inc. increased its position in shares of SYSCO by 3.3% during the second quarter. BlackRock Inc. now owns 31,130,419 shares of the company’s stock worth $2,201,542,000 after acquiring an additional 1,004,706 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in SYSCO by 13.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,740 shares of the company’s stock worth $2,758,000 after purchasing an additional 4,059 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in SYSCO by 3.9% in the third quarter. CIBC Private Wealth Group LLC now owns 53,730 shares of the company’s stock worth $4,267,000 after purchasing an additional 2,018 shares in the last quarter. Advisor Partners LLC increased its holdings in SYSCO by 7.1% during the 3rd quarter. Advisor Partners LLC now owns 13,182 shares of the company’s stock worth $1,047,000 after purchasing an additional 874 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in SYSCO by 1.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 265,181 shares of the company’s stock worth $21,055,000 after purchasing an additional 3,212 shares during the period. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Greg D. Bertrand sold 900 shares of SYSCO stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $85.06, for a total transaction of $76,554.00. Following the completion of the transaction, the executive vice president now directly owns 31,644 shares of the company’s stock, valued at approximately $2,691,638.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert S. Charlton sold 28,948 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $80.43, for a total transaction of $2,328,287.64. Following the completion of the transaction, the executive vice president now owns 46,087 shares of the company’s stock, valued at $3,706,777.41. The disclosure for this sale can be found here. Insiders sold 163,028 shares of company stock valued at $13,690,242 over the last three months. 5.24% of the stock is currently owned by corporate insiders.

SYY has been the subject of a number of recent research reports. ValuEngine downgraded shares of SYSCO from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price objective (down previously from $94.00) on shares of SYSCO in a research report on Tuesday, January 14th. Piper Jaffray Companies assumed coverage on shares of SYSCO in a research note on Thursday, December 12th. They set an “overweight” rating and a $94.00 price objective for the company. Credit Suisse Group reduced their price objective on shares of SYSCO from $89.00 to $84.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Finally, BMO Capital Markets decreased their target price on shares of SYSCO from $94.00 to $88.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. SYSCO has a consensus rating of “Hold” and a consensus price target of $79.20.

NYSE SYY opened at $78.21 on Friday. The firm has a market capitalization of $39.63 billion, a P/E ratio of 20.95, a PEG ratio of 1.93 and a beta of 0.48. The stock has a 50-day simple moving average of $82.21 and a two-hundred day simple moving average of $79.00. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.74 and a current ratio of 1.25. SYSCO Co. has a fifty-two week low of $65.24 and a fifty-two week high of $85.98.

SYSCO (NYSE:SYY) last posted its earnings results on Monday, February 3rd. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $15.03 billion for the quarter, compared to analyst estimates of $15.11 billion. SYSCO had a return on equity of 78.49% and a net margin of 3.00%. SYSCO’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. As a group, analysts forecast that SYSCO Co. will post 3.79 earnings per share for the current year.

SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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