C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $331,000 Investment in Sysco Co. (NYSE:SYY)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Sysco Co. (NYSE:SYY) during the 4th quarter, HoldingsChannel reports. The firm bought 4,333 shares of the company’s stock, valued at approximately $331,000.

Several other institutional investors have also recently made changes to their positions in the stock. Waycross Partners LLC increased its holdings in shares of Sysco by 3.0% in the fourth quarter. Waycross Partners LLC now owns 232,325 shares of the company’s stock worth $17,764,000 after purchasing an additional 6,709 shares during the period. Buckingham Capital Management Inc. increased its holdings in shares of Sysco by 1.3% in the fourth quarter. Buckingham Capital Management Inc. now owns 117,898 shares of the company’s stock worth $9,014,000 after purchasing an additional 1,513 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of Sysco by 16.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 68,581 shares of the company’s stock worth $5,244,000 after purchasing an additional 9,913 shares during the period. Venturi Wealth Management LLC increased its stake in Sysco by 290.8% in the fourth quarter. Venturi Wealth Management LLC now owns 17,387 shares of the company’s stock valued at $1,329,000 after acquiring an additional 12,938 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in Sysco by 0.4% in the fourth quarter. D.A. Davidson & CO. now owns 172,523 shares of the company’s stock valued at $13,191,000 after acquiring an additional 644 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Truist Financial reduced their target price on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Guggenheim reissued a “buy” rating and issued a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Morgan Stanley reduced their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group reduced their target price on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.38.

Sysco Price Performance

Shares of NYSE SYY opened at $71.12 on Friday. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.33. The company has a market capitalization of $34.79 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a 50 day simple moving average of $74.10 and a two-hundred day simple moving average of $75.69. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting 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 quarter last year, the firm posted $0.89 earnings per share. Analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Activity

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business’s 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the business’s 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 sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,370 shares of company stock valued at $5,965,519 in the last 90 days. Company insiders own 0.54% of the company’s stock.

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.