Kentucky Trust Co Buys Shares of 11,232 Sysco Co. (NYSE:SYY)

Kentucky Trust Co bought a new stake in Sysco Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,232 shares of the company’s stock, valued at approximately $859,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. AMF Tjanstepension AB grew its stake in shares of Sysco by 185.5% during the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after acquiring an additional 20,356 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Sysco by 455.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,024 shares of the company’s stock worth $314,000 after acquiring an additional 3,300 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Sysco by 19.5% during the third quarter. Valeo Financial Advisors LLC now owns 5,272 shares of the company’s stock worth $412,000 after acquiring an additional 860 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Sysco by 147.4% during the third quarter. Exchange Traded Concepts LLC now owns 20,533 shares of the company’s stock worth $1,603,000 after acquiring an additional 12,235 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in shares of Sysco by 3.1% during the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Buying and Selling at Sysco

In other Sysco news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at $966,831.65. This represents a 18.29 % decrease in their position. The sale was disclosed in a filing 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 value of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares in the company, 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. Insiders sold a total of 79,270 shares of company stock worth $6,181,946 in the last three months. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SYY. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Truist Financial dropped their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley decreased their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Guggenheim reaffirmed a “buy” rating and set a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Finally, StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.38.

Sysco Trading Up 0.5 %

Shares of SYY stock opened at $70.57 on Wednesday. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The company has a market cap of $34.53 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.88 and a beta of 1.17. The stock has a 50 day simple moving average of $75.65 and a 200-day simple moving average of $75.94. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, equities research analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

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.