Marshall Investment Management LLC Purchases Shares of 1,119 Sysco Co. (NYSE:SYY)

Marshall Investment Management LLC acquired a new stake in Sysco Co. (NYSE:SYY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,119 shares of the company’s stock, valued at approximately $87,000.

A number of other institutional investors have also recently made changes to their positions in SYY. Ashton Thomas Securities LLC acquired a new position in shares of Sysco in the third quarter valued at approximately $26,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco in the third quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Sysco in the fourth quarter valued at approximately $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco in the third quarter valued at approximately $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction on 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 owns 48,451 shares in the company, valued at $3,876,080. This represents a 11.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Greg D. Bertrand sold 21,844 shares of the company’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 $1,747,520.00. Following the completion of the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. This trade represents a 26.50 % 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. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SYY shares. Truist Financial dropped their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Four equities research 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. Based on data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

Sysco Stock Up 2.8 %

Shares of NYSE:SYY opened at $73.22 on Friday. The company has a market capitalization of $35.82 billion, a PE ratio of 18.82, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. The firm has a 50 day simple moving average of $73.96 and a 200-day simple moving average of $75.68.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting 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 quarter in the prior year, the firm posted $0.89 earnings per share. On average, equities analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal 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.