Klingman & Associates LLC Has $212,000 Stock Holdings in Sysco Co. (NYSE:SYY)

Klingman & Associates LLC cut its position in Sysco Co. (NYSE:SYY) by 53.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,779 shares of the company’s stock after selling 3,248 shares during the period. Klingman & Associates LLC’s holdings in Sysco were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Sysco by 41.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 20,595 shares of the company’s stock worth $1,575,000 after purchasing an additional 6,035 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Sysco in the fourth quarter worth $331,000. Waycross Partners LLC raised its holdings in Sysco by 3.0% in the fourth quarter. Waycross Partners LLC now owns 232,325 shares of the company’s stock worth $17,764,000 after purchasing an additional 6,709 shares during the period. Buckingham Capital Management Inc. increased its position in shares of Sysco by 1.3% during the fourth quarter. Buckingham Capital Management Inc. now owns 117,898 shares of the company’s stock worth $9,014,000 after acquiring an additional 1,513 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of Sysco by 16.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 68,581 shares of the company’s stock worth $5,244,000 after acquiring an additional 9,913 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of SYY opened at $70.68 on Thursday. The firm has a 50-day moving average of $74.27 and a 200-day moving average of $75.72. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a market cap of $34.58 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 prior year, the firm posted $0.89 earnings per share. As a group, equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Guggenheim reissued a “buy” rating and set a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Finally, Melius began coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price for the company. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.38.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the firm’s 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 completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. This represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,370 shares of company stock valued at $5,965,519 in the last quarter. Company insiders own 0.54% of the company’s stock.

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.