AMG National Trust Bank Purchases New Shares in Sysco Corporation $SYY

AMG National Trust Bank purchased a new position in Sysco Corporation (NYSE:SYY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,702 shares of the company's stock, valued at approximately $1,814,000.

Several other large investors also recently added to or reduced their stakes in SYY. Lloyd Advisory Services LLC. bought a new stake in Sysco in the fourth quarter worth about $25,000. Motiv8 Investments LLC bought a new position in Sysco in the 4th quarter valued at $25,000. Sunbelt Securities Inc. increased its stake in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock worth $26,000 after purchasing an additional 170 shares during the period. Torren Management LLC purchased a new stake in Sysco in the fourth quarter worth $27,000. Finally, Bard Associates Inc. bought a new stake in shares of Sysco during the fourth quarter worth $27,000. 83.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of research analyst reports. Piper Sandler upped their price target on shares of Sysco from $77.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Sanford C. Bernstein decreased their price target on shares of Sysco from $90.00 to $85.00 and set a "market perform" rating for the company in a research note on Wednesday, April 29th. Barclays lowered their price target on Sysco from $92.00 to $86.00 and set an "overweight" rating for the company in a report on Wednesday, April 29th. UBS Group raised their price target on Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a "buy" rating to a "hold" rating and set a $84.00 price objective for the company. in a research note on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Sysco presently has a consensus rating of "Hold" and a consensus target price of $89.50.

Sysco Stock Performance

SYY stock opened at $82.94 on Monday. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The firm has a market cap of $39.71 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.84 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The firm has a 50-day simple moving average of $82.21 and a two-hundred day simple moving average of $80.66.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. Sysco's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, equities analysts forecast that Sysco Corporation will post 5.1 EPS for the current fiscal year.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 367 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $83.39, for a total transaction of $30,604.13. Following the sale, the executive vice president directly owned 38,650 shares in the company, valued at $3,223,023.50. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John M. Hinshaw purchased 13,304 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director owned 40,200 shares in the company, valued at $3,021,834. This represents a 49.46% increase in their position. The SEC filing for this purchase provides additional information. 0.56% of the stock is owned by corporate insiders.

Sysco Profile

Sysco Corporation NYSE: SYY is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source