First National Trust Co. increased its stake in shares of Sysco Corporation (NYSE:SYY) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,071 shares of the company’s stock after purchasing an additional 2,003 shares during the quarter. First National Trust Co.’s holdings in Sysco Corporation were worth $2,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Toronto Dominion Bank lifted its holdings in shares of Sysco Corporation by 10.8% during the third quarter. Toronto Dominion Bank now owns 185,659 shares of the company’s stock worth $10,015,000 after purchasing an additional 18,128 shares during the period. CIBC Asset Management Inc lifted its holdings in Sysco Corporation by 1.2% in the third quarter. CIBC Asset Management Inc now owns 101,797 shares of the company’s stock valued at $5,492,000 after acquiring an additional 1,175 shares during the period. Dividend Assets Capital LLC lifted its holdings in Sysco Corporation by 65.2% in the third quarter. Dividend Assets Capital LLC now owns 11,575 shares of the company’s stock valued at $624,000 after acquiring an additional 4,570 shares during the period. Tower Bridge Advisors acquired a new stake in Sysco Corporation in the third quarter valued at $244,000. Finally, Cabot Wealth Management Inc. acquired a new stake in Sysco Corporation in the third quarter valued at $2,205,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have recently weighed in on SYY. Wells Fargo & Company restated a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Zacks Investment Research upgraded Sysco Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday, October 10th. BMO Capital Markets set a $60.00 price target on Sysco Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Pivotal Research set a $53.00 price target on Sysco Corporation and gave the company a “hold” rating in a research report on Sunday, August 13th. Finally, Royal Bank Of Canada set a $50.00 price target on Sysco Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sysco Corporation has a consensus rating of “Hold” and an average price target of $56.42.

In other news, insider Paul T. Moskowitz sold 16,667 shares of Sysco Corporation stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $54.12, for a total value of $902,018.04. Following the transaction, the insider now directly owns 61,936 shares of the company’s stock, valued at approximately $3,351,976.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wayne Shurts sold 15,600 shares of Sysco Corporation stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $51.76, for a total value of $807,456.00. Following the completion of the transaction, the insider now directly owns 58,776 shares in the company, valued at $3,042,245.76. The disclosure for this sale can be found here. Insiders sold a total of 2,125,781 shares of company stock worth $114,211,628 over the last ninety days. Corporate insiders own 9.60% of the company’s stock.

Shares of Sysco Corporation (NYSE:SYY) traded up $0.17 during trading hours on Monday, reaching $54.19. The company’s stock had a trading volume of 1,717,800 shares, compared to its average volume of 2,934,361. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. Sysco Corporation has a 12-month low of $48.85 and a 12-month high of $57.23. The firm has a market cap of $28,200.00, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Sysco Corporation had a return on equity of 58.47% and a net margin of 2.12%. The firm had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period last year, the company earned $0.67 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. equities analysts predict that Sysco Corporation will post 2.77 earnings per share for the current year.

Sysco Corporation Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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