Pine Valley Investments Ltd Liability Co Sells 378 Shares of Sysco Co. (NYSE:SYY)

Pine Valley Investments Ltd Liability Co reduced its holdings in shares of Sysco Co. (NYSE:SYY) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,711 shares of the company’s stock after selling 378 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Sysco were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB boosted its stake in shares of Sysco by 185.5% in the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock valued at $2,446,000 after purchasing an additional 20,356 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Sysco by 10.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 15,997 shares of the company’s stock valued at $1,249,000 after purchasing an additional 1,551 shares during the last quarter. Allworth Financial LP boosted its position in Sysco by 2.7% in the third quarter. Allworth Financial LP now owns 6,832 shares of the company’s stock valued at $533,000 after buying an additional 182 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Sysco by 15.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,084 shares of the company’s stock worth $4,278,000 after buying an additional 7,302 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Sysco by 49.3% during the third quarter. Arkadios Wealth Advisors now owns 5,210 shares of the company’s stock worth $407,000 after buying an additional 1,721 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SYY shares. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Jefferies Financial Group lifted their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Truist Financial lowered their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Melius Research upgraded shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.77.

Sysco Price Performance

SYY stock opened at $74.23 on Thursday. 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 firm has a market cap of $36.32 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.88 and a beta of 1.17. The company’s fifty day simple moving average is $73.72 and its 200 day simple moving average is $75.65. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.

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 the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the firm posted $0.89 earnings per share. On average, analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Eve M. Mcfadden sold 6,499 shares of the company’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 transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the firm’s 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 of the company’s stock, valued at approximately $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 three months, insiders have sold 76,370 shares of company stock worth $5,965,519. Corporate 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.