Blair William & Co. IL Has $14.15 Million Stock Holdings in Sysco Corporation (NYSE:SYY)

Blair William & Co. IL cut its holdings in Sysco Corporation (NYSE:SYY - Free Report) by 16.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 188,623 shares of the company's stock after selling 36,780 shares during the quarter. Blair William & Co. IL's holdings in Sysco were worth $14,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. grew its position in shares of Sysco by 5.3% in the 4th quarter. Invesco Ltd. now owns 16,907,541 shares of the company's stock valued at $1,292,751,000 after purchasing an additional 851,441 shares during the period. Capital Research Global Investors raised its stake in shares of Sysco by 27.3% during the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company's stock worth $687,488,000 after purchasing an additional 1,928,002 shares in the last quarter. FMR LLC raised its stake in shares of Sysco by 0.8% during the 4th quarter. FMR LLC now owns 7,590,141 shares of the company's stock worth $580,342,000 after purchasing an additional 60,059 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Sysco by 2.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 7,353,551 shares of the company's stock worth $551,810,000 after purchasing an additional 146,573 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Sysco by 11.6% during the 4th quarter. Northern Trust Corp now owns 5,683,453 shares of the company's stock worth $434,557,000 after purchasing an additional 588,844 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup assumed coverage on Sysco in a research note on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective on the stock. Bank of America upped their price objective on Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company set a $88.00 price objective on Sysco and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Truist Financial increased their price target on Sysco from $81.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Guggenheim increased their price target on Sysco from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.54.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 37,606 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the sale, the executive vice president directly owned 30,235 shares of the company's stock, valued at approximately $2,449,035. This represents a 55.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Sysco Stock Performance

Shares of NYSE SYY opened at $79.45 on Tuesday. The company has a debt-to-equity ratio of 6.75, a current ratio of 1.21 and a quick ratio of 0.70. The stock's fifty day moving average price is $76.28 and its two-hundred day moving average price is $73.71. Sysco Corporation has a one year low of $67.12 and a one year high of $82.23. The firm has a market cap of $38.51 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.47 and a beta of 0.83.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.09. Sysco had a return on equity of 109.52% and a net margin of 2.25%. The firm had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same period in the prior year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Sysco Corporation will post 4.58 EPS 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.

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