Facet Wealth Inc. Sells 168 Shares of Sysco Corporation (NYSE:SYY)

Facet Wealth Inc. lessened its position in shares of Sysco Corporation (NYSE:SYY) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,540 shares of the company’s stock after selling 168 shares during the quarter. Facet Wealth Inc.’s holdings in Sysco were worth $744,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SYY. Rialto Wealth Management LLC increased its position in Sysco by 188.7% in the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company’s stock worth $25,000 after purchasing an additional 217 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Sysco in the 4th quarter worth $29,000. Golden State Wealth Management LLC increased its holdings in shares of Sysco by 48.4% in the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. Capital A Wealth Management LLC bought a new stake in shares of Sysco in the 4th quarter worth about $34,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Sysco during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 0.5%

NYSE SYY opened at $80.25 on Monday. The stock has a market cap of $38.90 billion, a PE ratio of 20.79, a PEG ratio of 2.37 and a beta of 0.81. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $82.23. The company’s 50-day moving average price is $75.40 and its 200-day moving average price is $73.46. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 6.37.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.06). The company had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a return on equity of 107.96% and a net margin of 2.36%. Sysco’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. Equities research analysts forecast that Sysco Corporation will post 4.58 earnings per share for the current year.

Insider Buying and Selling

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the transaction, the executive vice president directly owned 56,304 shares in the company, valued at $4,504,320. This trade represents a 41.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sheila Talton sold 356 shares of Sysco stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total value of $25,219.04. Following the sale, the director directly owned 12,738 shares of the company’s stock, valued at approximately $902,359.92. This trade represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,962 shares of company stock valued at $6,271,305 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYY has been the subject of several recent research reports. Guggenheim reiterated a “buy” rating and issued a $82.00 price target on shares of Sysco in a research report on Tuesday, July 8th. UBS Group dropped their target price on Sysco from $86.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 price target on Sysco and gave the company an “overweight” rating in a report on Tuesday, April 22nd. Bank of America raised their price target on Sysco from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $83.23.

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.