Sysco Co. (NYSE:SYY) Shares Sold by Coho Partners Ltd.

Coho Partners Ltd. reduced its holdings in shares of Sysco Co. (NYSE:SYY) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,250,943 shares of the company’s stock after selling 278,984 shares during the period. Sysco accounts for approximately 4.4% of Coho Partners Ltd.’s investment portfolio, making the stock its 5th biggest holding. Coho Partners Ltd. owned approximately 0.25% of Sysco worth $95,647,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Asset Planning Inc acquired a new stake in Sysco during the 4th quarter worth about $162,000. V Square Quantitative Management LLC grew its stake in shares of Sysco by 7.2% in the 4th quarter. V Square Quantitative Management LLC now owns 7,566 shares of the company’s stock valued at $578,000 after buying an additional 508 shares during the period. PrairieView Partners LLC grew its stake in shares of Sysco by 90.0% in the 4th quarter. PrairieView Partners LLC now owns 760 shares of the company’s stock valued at $58,000 after buying an additional 360 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in shares of Sysco in the 4th quarter valued at about $52,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Sysco in the 4th quarter valued at about $331,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

Sysco stock opened at $71.87 on Friday. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The company’s 50 day moving average price is $75.27 and its two-hundred day moving average price is $75.88. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The stock has a market cap of $35.16 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last posted its quarterly 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 period in the previous year, the firm posted $0.89 EPS. On average, equities analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group reduced their target price on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group raised their target price on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company reduced their target price on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Insider Buying and Selling

In related news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,270 shares of company stock valued at $6,181,946. 0.54% of the stock is owned by company insiders.

Sysco 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.