Marshall Investment Management LLC Invests $87,000 in Sysco Co. (NYSE:SYY)

Marshall Investment Management LLC purchased a new stake in shares of Sysco Co. (NYSE:SYY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,119 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYY. Ashton Thomas Securities LLC acquired a new stake in Sysco during the third quarter valued at $26,000. Valley Wealth Managers Inc. acquired a new stake in Sysco during the third quarter valued at $31,000. Stonebridge Financial Group LLC purchased a new position in Sysco during the fourth quarter valued at $31,000. Focused Wealth Management Inc purchased a new position in Sysco during the third quarter valued at $37,000. Finally, Canoe Financial LP purchased a new position in Sysco during the third quarter valued at $38,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction dated 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 transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction dated 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 owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,370 shares of company stock valued at $5,965,519 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SYY. Wells Fargo & Company decreased their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Truist Financial decreased their price objective on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. UBS Group decreased their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Sysco Price Performance

Shares of SYY stock opened at $73.22 on Friday. 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 firm’s 50-day moving average is $73.96 and its two-hundred day moving average is $75.68. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The company has a market capitalization of $35.82 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 in the prior year, the firm earned $0.89 EPS. Analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

About Sysco

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.