Global Retirement Partners LLC Sells 604 Shares of Sysco Co. (NYSE:SYY)

Global Retirement Partners LLC lowered its position in shares of Sysco Co. (NYSE:SYY) by 18.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,628 shares of the company’s stock after selling 604 shares during the period. Global Retirement Partners LLC’s holdings in Sysco were worth $201,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SYY. Ashton Thomas Securities LLC acquired a new position in shares of Sysco in the 3rd quarter valued at $26,000. Valley Wealth Managers Inc. bought a new position in Sysco during the third quarter worth about $31,000. Stonebridge Financial Group LLC acquired a new position in Sysco in the fourth quarter valued at about $31,000. Focused Wealth Management Inc bought a new stake in shares of Sysco in the third quarter worth about $37,000. Finally, HHM Wealth Advisors LLC raised its position in shares of Sysco by 107.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock worth $47,000 after purchasing an additional 321 shares during the period. Institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Truist Financial reduced their target price on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Insider Buying and Selling

In related news, EVP Greg D. Bertrand sold 48,027 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following 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 legal filing with the SEC, which is available at this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction dated 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 of the company’s stock, 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. Insiders sold a total of 76,370 shares of company stock worth $5,965,519 in the last three months. 0.54% of the stock is owned by corporate insiders.

Sysco Stock Up 1.1 %

Shares of SYY opened at $74.49 on Wednesday. The firm has a 50 day simple moving average of $73.78 and a two-hundred day simple moving average of $75.66. 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 Co. has a one year low of $69.03 and a one year high of $82.33. The company has a market cap of $36.44 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY) last announced 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 quarter in the prior year, the company posted $0.89 earnings per share. Research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

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.