Shayne & Jacobs LLC Has $25.42 Million Stake in Sysco Co. (NYSE:SYY)

Shayne & Jacobs LLC decreased its position in Sysco Co. (NYSE:SYY) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 332,485 shares of the company’s stock after selling 842 shares during the quarter. Sysco makes up 6.7% of Shayne & Jacobs LLC’s portfolio, making the stock its 3rd biggest holding. Shayne & Jacobs LLC’s holdings in Sysco were worth $25,422,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Sysco by 11.1% in the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company’s stock worth $2,130,617,000 after purchasing an additional 2,721,449 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Sysco during the 3rd quarter valued at approximately $137,900,000. Nordea Investment Management AB lifted its stake in Sysco by 52.3% in the 4th quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company’s stock worth $208,666,000 after purchasing an additional 933,327 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Sysco by 11.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock valued at $521,874,000 after buying an additional 672,940 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Sysco in the third quarter valued at $44,722,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Up 1.1 %

SYY stock opened at $74.49 on Wednesday. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The firm has a market cap of $36.44 billion, a PE ratio of 19.15, a P/E/G ratio of 1.88 and a beta of 1.17. The firm’s fifty day moving average is $73.78 and its 200 day moving average is $75.66.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share 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 previous year, the firm earned $0.89 earnings per share. On average, research analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group decreased their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Guggenheim reissued 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 Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Insider Activity at Sysco

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 the company’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,370 shares of company stock valued at $5,965,519. 0.54% of the stock is owned by insiders.

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.