Sysco Co. (NYSE:SYY) Stock Holdings Reduced by Keeler Thomas Management LLC

Keeler Thomas Management LLC cut its position in shares of Sysco Co. (NYSE:SYY) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 53,049 shares of the company’s stock after selling 2,548 shares during the period. Keeler Thomas Management LLC’s holdings in Sysco were worth $4,057,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brown Financial Advisors raised its position in Sysco by 3.2% during the fourth quarter. Brown Financial Advisors now owns 6,224 shares of the company’s stock valued at $476,000 after acquiring an additional 194 shares in the last quarter. Blackhawk Capital Partners LLC. increased its stake in shares of Sysco by 9.2% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 15,861 shares of the company’s stock worth $1,213,000 after purchasing an additional 1,339 shares during the last quarter. BankPlus Trust Department bought a new position in shares of Sysco during the 4th quarter valued at $1,350,000. GHE LLC lifted its stake in shares of Sysco by 3.7% in the 4th quarter. GHE LLC now owns 16,423 shares of the company’s stock valued at $1,282,000 after purchasing an additional 585 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Sysco by 925.3% in the 4th quarter. IFP Advisors Inc now owns 27,243 shares of the company’s stock valued at $2,085,000 after purchasing an additional 24,586 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Greg D. Bertrand sold 48,027 shares of the company’s 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 sale, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,370 shares of company stock worth $5,965,519. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. UBS Group lowered their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group boosted their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Morgan Stanley lowered their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Sysco Price Performance

NYSE:SYY opened at $73.64 on Tuesday. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a fifty day moving average price of $73.85 and a 200 day moving average price of $75.67. The stock has a market cap of $36.02 billion, a P/E ratio of 18.93, a PEG ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the firm earned $0.89 earnings per share. Analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

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.