Compass Wealth Management LLC Sells 1,125 Shares of Sysco Co. (NYSE:SYY)

Compass Wealth Management LLC reduced its stake in shares of Sysco Co. (NYSE:SYY) by 18.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,814 shares of the company’s stock after selling 1,125 shares during the quarter. Compass Wealth Management LLC’s holdings in Sysco were worth $376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SYY. TruNorth Capital Management LLC bought a new position in Sysco in the 2nd quarter valued at $25,000. Armstrong Advisory Group Inc. boosted its holdings in Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after acquiring an additional 310 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Sysco in the first quarter worth about $31,000. Fairscale Capital LLC bought a new stake in Sysco during the 2nd quarter worth about $38,000. Finally, LRI Investments LLC acquired a new position in Sysco during the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley dropped their target price on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Jefferies Financial Group raised their price target on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Truist Financial cut their target price on Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus target price of $86.08.

Sysco Stock Performance

Shares of SYY stock opened at $75.38 on Friday. 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 52 week low of $64.28 and a 52 week high of $82.89. The company’s 50 day moving average price is $76.56 and its two-hundred day moving average price is $74.96. The company has a market capitalization of $37.03 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $20.56 billion for the quarter, compared to analyst estimates of $20.51 billion. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.34 earnings per share. On average, analysts expect that Sysco Co. will post 4.6 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.71%. Sysco’s dividend payout ratio is currently 52.44%.

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.