Graypoint LLC grew its stake in shares of Sysco Co. (NYSE:SYY – Free Report) by 9.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,657 shares of the company’s stock after buying an additional 307 shares during the period. Graypoint LLC’s holdings in Sysco were worth $261,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new position in shares of Sysco during the second quarter valued at about $25,000. First United Bank & Trust acquired a new position in shares of Sysco during the fourth quarter valued at about $26,000. Verity & Verity LLC bought a new stake in Sysco in the first quarter valued at about $26,000. Burkett Financial Services LLC bought a new stake in Sysco in the fourth quarter valued at about $30,000. Finally, OFI Invest Asset Management bought a new stake in Sysco in the first quarter valued at about $31,000. Institutional investors and hedge funds own 83.41% of the company’s stock.
Sysco Price Performance
SYY opened at $77.97 on Tuesday. Sysco Co. has a one year low of $62.24 and a one year high of $82.89. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69. The company’s 50 day simple moving average is $74.13 and its 200-day simple moving average is $75.81. The stock has a market capitalization of $38.32 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.
Sysco Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.62%. Sysco’s dividend payout ratio (DPR) is currently 49.76%.
Analyst Ratings Changes
SYY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sysco from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Barclays upped their target price on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday. Guggenheim raised shares of Sysco from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, May 28th. Finally, Truist Financial lowered their target price on shares of Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Two research 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 company. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average target price of $85.27.
Read Our Latest Stock Analysis on SYY
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.
Featured Stories
- Five stocks we like better than Sysco
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Autodesk Stock: Analysts’ Top AI Pick You Shouldn’t Overlook
- Business Services Stocks Investing
- Hidden Opportunities in Li Auto’s Tough Quarter You Can’t Miss
- What is the Shanghai Stock Exchange Composite Index?
- Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock
Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Co. (NYSE:SYY – Free Report).
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.