Waldron Private Wealth LLC Acquires 6,823 Shares of Sysco Co. (NYSE:SYY)

Waldron Private Wealth LLC grew its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 77.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,626 shares of the company's stock after purchasing an additional 6,823 shares during the period. Waldron Private Wealth LLC's holdings in Sysco were worth $1,220,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SYY. TruNorth Capital Management LLC acquired a new position in Sysco during the 2nd quarter valued at about $25,000. Armstrong Advisory Group Inc. increased its stake in shares of Sysco by 1,240.0% during 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 period. Fairscale Capital LLC bought a new stake in Sysco during the second quarter worth approximately $38,000. LRI Investments LLC bought a new stake in Sysco during the first quarter worth approximately $45,000. Finally, Livelsberger Financial Advisory bought a new position in Sysco during the 3rd quarter valued at $47,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price objective on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Jefferies Financial Group upped their price target on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Truist Financial dropped their target price on shares of Sysco from $87.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, June 24th. Finally, StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a report on Monday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and a consensus price target of $86.08.

Sysco Stock Up 0.1 %

NYSE SYY traded up $0.09 during trading on Tuesday, reaching $74.80. 1,916,458 shares of the company's stock were exchanged, compared to its average volume of 3,153,938. The firm has a market capitalization of $36.74 billion, a PE ratio of 19.23, a P/E/G ratio of 1.97 and a beta of 1.20. Sysco Co. has a fifty-two week low of $64.28 and a fifty-two week high of $82.89. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 6.19. The company's fifty day simple moving average is $76.53 and its 200-day simple moving average is $74.82.

Sysco (NYSE:SYY - Get Free Report) 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. Sell-side analysts predict that Sysco Co. will post 4.6 EPS for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, October 4th. Sysco's payout ratio is 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.