Sysco Co. (NYSE:SYY) Stock Position Lowered by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. decreased its position in Sysco Co. (NYSE:SYY) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,118 shares of the company’s stock after selling 619 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Sysco were worth $6,644,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its position in shares of Sysco by 1.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,150 shares of the company’s stock valued at $536,000 after purchasing an additional 124 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Sysco by 8.2% in the fourth quarter. Bell Investment Advisors Inc now owns 1,722 shares of the company’s stock valued at $126,000 after buying an additional 131 shares in the last quarter. Plimoth Trust Co. LLC increased its holdings in shares of Sysco by 0.6% in the second quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock valued at $1,610,000 after buying an additional 139 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Sysco by 1.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,362 shares of the company’s stock valued at $679,000 after acquiring an additional 141 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in shares of Sysco by 1.6% during the 1st quarter. Tompkins Financial Corp now owns 9,144 shares of the company’s stock worth $742,000 after acquiring an additional 144 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 0.3 %

Shares of NYSE SYY traded down $0.22 during mid-day trading on Friday, reaching $75.41. The company had a trading volume of 2,792,314 shares, compared to its average volume of 4,208,693. 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 twelve month low of $62.24 and a twelve month high of $82.89. The stock’s 50 day moving average is $76.65 and its 200-day moving average is $75.35. The stock has a market capitalization of $37.07 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20.

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

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, October 4th. Sysco’s dividend payout ratio (DPR) is presently 49.76%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SYY. Barclays boosted their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley reduced their price objective on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Truist Financial decreased their price objective on shares of 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, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.08.

About Sysco

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.