O Brien Greene & Co. Inc lifted its position in Sysco Co. (NYSE:SYY – Free Report) 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 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.
View Our Latest Analysis on Sysco
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.
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