Amalgamated Bank Decreases Stock Holdings in Sysco Co. (NYSE:SYY)

Amalgamated Bank trimmed its position in shares of Sysco Co. (NYSE:SYY) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 99,022 shares of the company’s stock after selling 2,207 shares during the quarter. Amalgamated Bank’s holdings in Sysco were worth $7,571,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Sysco during the 3rd quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Sysco during the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. bought a new position in shares of Sysco during the third quarter valued at approximately $31,000. Focused Wealth Management Inc purchased a new stake in Sysco in the third quarter worth $37,000. Finally, HHM Wealth Advisors LLC boosted its holdings in Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 321 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Down 0.3 %

SYY opened at $74.23 on Thursday. 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 stock’s fifty day moving average is $73.72 and its two-hundred day moving average is $75.65. The company has a market capitalization of $36.32 billion, a P/E ratio of 19.08, a PEG ratio of 1.88 and a beta of 1.17. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting 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 last year, the firm posted $0.89 earnings per share. Analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Insider Activity at Sysco

In related news, SVP Eve M. Mcfadden sold 6,499 shares of the company’s 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 sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares of the company’s stock, valued at $4,846,480. The trade was a 26.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,370 shares of company stock worth $5,965,519. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays decreased their price target on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company raised their target price on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial reduced their price target on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Four equities 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, Sysco presently has an average rating of “Moderate Buy” and a consensus target price 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.