Orion Portfolio Solutions LLC grew its position in Sysco Co. (NYSE:SYY - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,357 shares of the company's stock after acquiring an additional 6,868 shares during the period. Orion Portfolio Solutions LLC's holdings in Sysco were worth $3,774,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in SYY. Stonebridge Financial Group LLC acquired a new position in Sysco during the fourth quarter worth about $31,000. Sherman Asset Management Inc. acquired a new position in Sysco during the fourth quarter worth $31,000. Flagship Wealth Advisors LLC acquired a new position in Sysco during the fourth quarter worth $31,000. SRS Capital Advisors Inc. boosted its position in Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after purchasing an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after purchasing an additional 321 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.
Sysco Stock Down 1.6 %
Shares of SYY traded down $1.17 during mid-day trading on Friday, reaching $73.73. 1,278,736 shares of the stock traded hands, compared to its average volume of 3,625,510. The stock has a fifty day simple moving average of $73.14 and a 200 day simple moving average of $75.10. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.23. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The firm has a market cap of $36.07 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.88 and a beta of 1.11.
Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the prior year, the business posted $0.89 EPS. Sell-side analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.
Sysco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio is currently 52.44%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SYY. Wells Fargo & Company boosted their price target on Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Morgan Stanley reduced their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Melius began coverage on shares of Sysco in a report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target for the company. UBS Group cut their price objective on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Melius Research upgraded shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.77.
Read Our Latest Stock Analysis on SYY
Sysco Company Profile
(
Free Report)
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.
Further Reading
Before you consider Sysco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sysco wasn't on the list.
While Sysco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
