O Brien Greene & Co. Inc Increases Stake in Sysco Co. (NYSE:SYY)

O Brien Greene & Co. Inc lifted its position in Sysco Co. (NYSE:SYY) by 2.8% during the second quarter, HoldingsChannel.com reports. The fund owned 12,853 shares of the company’s stock after acquiring an additional 348 shares during the period. O Brien Greene & Co. Inc’s holdings in Sysco were worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in Sysco during the second quarter worth approximately $25,000. Burkett Financial Services LLC purchased a new stake in Sysco in the fourth quarter valued at $30,000. OFI Invest Asset Management purchased a new stake in Sysco in the first quarter valued at $31,000. Fairman Group LLC purchased a new stake in Sysco in the fourth quarter valued at $39,000. Finally, Livelsberger Financial Advisory purchased a new stake in Sysco in the fourth quarter valued at $44,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of NYSE:SYY opened at $77.79 on Wednesday. The business’s fifty day moving average price is $75.66 and its two-hundred day moving average price is $75.62. The stock has a market cap of $38.74 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 6.19, a quick ratio of 0.69 and a current ratio of 1.20. Sysco Co. has a one year low of $62.24 and a one year high of $82.89.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The firm had revenue of $20.56 billion for the quarter, compared to analysts’ expectations of $20.51 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. Sysco’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Sysco Co. will post 4.6 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, October 4th. Sysco’s dividend payout ratio (DPR) is 49.76%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SYY. Barclays boosted their price objective on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America decreased their target price on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, Truist Financial reduced their price objective on Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average price target of $85.55.

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.