LMG Wealth Partners LLC Raises Holdings in Sysco Co. (NYSE:SYY)

LMG Wealth Partners LLC boosted its stake in shares of Sysco Co. (NYSE:SYY) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,330 shares of the company’s stock after acquiring an additional 1,000 shares during the period. LMG Wealth Partners LLC’s holdings in Sysco were worth $4,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SYY. Fortem Financial Group LLC lifted its stake in shares of Sysco by 3.6% during the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock worth $296,000 after purchasing an additional 136 shares during the last quarter. S.A. Mason LLC lifted its position in shares of Sysco by 10.7% during the fourth quarter. S.A. Mason LLC now owns 1,546 shares of the company’s stock valued at $118,000 after buying an additional 150 shares during the last quarter. Cable Hill Partners LLC boosted its holdings in shares of Sysco by 3.9% in the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock valued at $316,000 after buying an additional 152 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Sysco by 12.3% in the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company’s stock worth $108,000 after buying an additional 154 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in shares of Sysco by 35.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 656 shares of the company’s stock worth $50,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the sale, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,876,080. The trade was a 11.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,370 shares of company stock worth $5,965,519. Insiders own 0.54% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $70.68 on Thursday. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The company has a market cap of $34.58 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The company’s 50 day moving average is $74.27 and its 200 day moving average is $75.72.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the company earned $0.89 EPS. On average, sell-side analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SYY shares. Barclays lowered their target price on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their price target on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Morgan Stanley cut their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Four investment 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 stock. Based on data from MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus price target of $84.38.

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.