AMG National Trust Bank Has $1.69 Million Stake in Sysco Co. (NYSE:SYY)

AMG National Trust Bank cut its stake in shares of Sysco Co. (NYSE:SYY) by 0.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 21,690 shares of the company’s stock after selling 200 shares during the period. AMG National Trust Bank’s holdings in Sysco were worth $1,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. TruNorth Capital Management LLC acquired a new stake in shares of Sysco during the 2nd quarter valued at $25,000. Armstrong Advisory Group Inc. raised its position in Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Sysco during the third quarter valued at about $26,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco in the third quarter valued at approximately $31,000. Finally, Focused Wealth Management Inc bought a new position in Sysco in the 3rd quarter valued at approximately $37,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Up 1.1 %

NYSE:SYY opened at $75.76 on Tuesday. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The stock has a market capitalization of $37.22 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.97 and a beta of 1.20. The firm has a fifty day simple moving average of $75.87 and a two-hundred day simple moving average of $74.75.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Sysco Co. will post 4.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group raised their target price on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company decreased their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Barclays upped their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.77.

Insider Activity

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.