First National Trust Co Has $2.61 Million Holdings in Sysco Co. (NYSE:SYY)

First National Trust Co reduced its stake in shares of Sysco Co. (NYSE:SYY) by 5.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,157 shares of the company’s stock after selling 1,979 shares during the quarter. First National Trust Co’s holdings in Sysco were worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in Sysco by 18.6% in the 3rd quarter. Assetmark Inc. now owns 1,230 shares of the company’s stock valued at $96,000 after buying an additional 193 shares during the period. Ashton Thomas Securities LLC bought a new stake in Sysco in the 3rd quarter valued at $26,000. Harbour Investments Inc. increased its holdings in Sysco by 23.6% in the 3rd quarter. Harbour Investments Inc. now owns 7,419 shares of the company’s stock valued at $579,000 after buying an additional 1,416 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Sysco in the 3rd quarter valued at $227,000. Finally, Aptus Capital Advisors LLC increased its holdings in Sysco by 4.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,806 shares of the company’s stock valued at $375,000 after buying an additional 190 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SYY has been the topic of several analyst reports. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Melius initiated coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Sysco Stock Performance

Sysco stock opened at $73.35 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The company has a market cap of $35.89 billion, a PE ratio of 18.86, a PEG ratio of 1.88 and a beta of 1.11. The company’s 50-day moving average is $73.28 and its two-hundred day moving average is $75.52.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the prior year, the firm posted $0.89 EPS. Equities analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.78%. Sysco’s payout ratio is presently 52.44%.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

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.