Sysco Co. (NYSE:SYY) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its position in shares of Sysco Co. (NYSE:SYY) by 6.3% during the third quarter, HoldingsChannel reports. The fund owned 37,805 shares of the company’s stock after selling 2,560 shares during the quarter. Atria Investments Inc’s holdings in Sysco were worth $2,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SYY. TruNorth Capital Management LLC purchased a new stake in Sysco in the 2nd quarter valued at approximately $25,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 310 shares during the period. Focused Wealth Management Inc purchased a new stake in shares of Sysco in the third quarter valued at approximately $37,000. Fairscale Capital LLC acquired a new position in Sysco during the second quarter worth $38,000. Finally, Canoe Financial LP purchased a new position in Sysco in the third quarter worth $38,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

Sysco Price Performance

Sysco stock opened at $76.66 on Thursday. Sysco Co. has a 1 year low of $67.77 and a 1 year high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a 50 day moving average price of $76.12 and a 200 day moving average price of $74.73. The company has a market cap of $37.66 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.03 and a beta of 1.20.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). The company had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. Sell-side analysts predict that Sysco Co. will post 4.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYY. JPMorgan Chase & Co. boosted their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Bank of America decreased their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Wells Fargo & Company dropped their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Barclays boosted their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sysco has an average rating of “Moderate Buy” and a consensus price target of $85.77.

Sysco 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.