Legacy Capital Wealth Partners LLC Sells 1,072 Shares of Sysco Co. (NYSE:SYY)

Legacy Capital Wealth Partners LLC trimmed its position in shares of Sysco Co. (NYSE:SYY) by 11.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,290 shares of the company’s stock after selling 1,072 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Sysco were worth $634,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Sysco during the third quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Sysco during the fourth quarter worth approximately $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco during the third quarter worth approximately $31,000. Focused Wealth Management Inc acquired a new position in shares of Sysco during the third quarter worth approximately $37,000. Finally, Canoe Financial LP acquired a new position in shares of Sysco during the third quarter worth approximately $38,000. 83.41% of the stock is owned by institutional investors.

Sysco Stock Down 1.1 %

Shares of NYSE:SYY opened at $71.10 on Friday. The company has a 50 day moving average price of $74.88 and a two-hundred day moving average price of $75.84. 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 company has a market capitalization of $34.78 billion, a PE ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.17. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (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 previous year, the firm posted $0.89 earnings per share. Analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Insider Transactions 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 value of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,270 shares of company stock worth $6,181,946. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of research reports. Truist Financial reduced their target price on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Guggenheim reiterated a “buy” rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley cut their price objective on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Four equities research 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 stock. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $84.38.

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.