Several other large investors also recently added to or reduced their stakes in SYY. Vontobel Holding Ltd. boosted its holdings in shares of Sysco by 166.0% during the 1st quarter. Vontobel Holding Ltd. now owns 16,127 shares of the company’s stock worth $1,338,000 after buying an additional 10,065 shares during the period. Sei Investments Co. boosted its holdings in shares of Sysco by 6.9% during the 1st quarter. Sei Investments Co. now owns 258,746 shares of the company’s stock worth $21,068,000 after buying an additional 16,772 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Sysco by 12.9% during the 1st quarter. Cetera Investment Advisers now owns 22,139 shares of the company’s stock worth $1,808,000 after buying an additional 2,522 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Sysco by 1.0% during the 1st quarter. Baird Financial Group Inc. now owns 659,712 shares of the company’s stock worth $53,865,000 after buying an additional 6,711 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Sysco by 54.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 833 shares of the company’s stock worth $68,000 after buying an additional 295 shares during the period. 81.18% of the stock is owned by institutional investors.
Sysco Trading Down 0.6 %
Shares of Sysco stock opened at $77.78 on Wednesday. The stock has a market capitalization of $39.48 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The company has a quick ratio of 0.68, a current ratio of 1.24 and a debt-to-equity ratio of 7.20. The company has a 50-day simple moving average of $78.55 and a 200 day simple moving average of $80.51. Sysco Co. has a 12-month low of $70.61 and a 12-month high of $91.53.
Sysco (NYSE:SYY – Get Rating) last announced its earnings results on Tuesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). The firm had revenue of $18.59 billion for the quarter, compared to analyst estimates of $18.59 billion. Sysco had a return on equity of 140.94% and a net margin of 1.93%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 EPS. Research analysts expect that Sysco Co. will post 4.05 earnings per share for the current fiscal year.
Sysco Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 27th. Shareholders of record on Friday, January 6th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, January 5th. Sysco’s dividend payout ratio is currently 70.76%.
Analysts Set New Price Targets
Several equities analysts recently commented on SYY shares. Stephens reiterated an “overweight” rating and set a $90.00 target price on shares of Sysco in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Sysco from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, February 1st. Wells Fargo & Company cut their target price on shares of Sysco from $95.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, January 4th. TheStreet cut shares of Sysco from a “b” rating to a “c+” rating in a research note on Tuesday, January 31st. Finally, Credit Suisse Group dropped their price objective on shares of Sysco from $100.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, February 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.64.
Sysco Company Profile
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Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S.
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