Amalgamated Bank Sells 2,207 Shares of Sysco Co. (NYSE:SYY)

Amalgamated Bank cut its holdings in Sysco Co. (NYSE:SYY) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,022 shares of the company’s stock after selling 2,207 shares during the period. Amalgamated Bank’s holdings in Sysco were worth $7,571,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SYY. National Pension Service lifted its position in shares of Sysco by 15.6% during the third quarter. National Pension Service now owns 1,237,017 shares of the company’s stock worth $96,562,000 after acquiring an additional 166,798 shares in the last quarter. New England Asset Management Inc. raised its stake in shares of Sysco by 12.7% during the 3rd quarter. New England Asset Management Inc. now owns 131,360 shares of the company’s stock valued at $10,254,000 after purchasing an additional 14,810 shares during the period. Empowered Funds LLC lifted its holdings in Sysco by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 78,333 shares of the company’s stock worth $6,115,000 after purchasing an additional 17,587 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Sysco by 11.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company’s stock worth $521,874,000 after purchasing an additional 672,940 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Sysco by 7.7% in the 3rd quarter. Captrust Financial Advisors now owns 124,341 shares of the company’s stock worth $9,706,000 after purchasing an additional 8,891 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Down 0.3 %

NYSE SYY opened at $74.23 on Thursday. The stock’s 50-day simple moving average is $73.72 and its two-hundred day simple moving average is $75.65. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33. 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 company has a market capitalization of $36.32 billion, a price-to-earnings ratio of 19.08, a PEG 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, meeting analysts’ consensus estimates 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 previous year, the business posted $0.89 EPS. Research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 sale, 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. In the last ninety days, insiders sold 76,370 shares of company stock worth $5,965,519. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SYY shares. JPMorgan Chase & Co. decreased their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Melius started coverage on shares of Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 target price on the stock. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Jefferies Financial Group boosted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Melius Research upgraded Sysco to a “hold” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.77.

Sysco Company 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.