Sysco Co. (NYSE:SYY) Shares Acquired by Olistico Wealth LLC

Olistico Wealth LLC increased its position in Sysco Co. (NYSE:SYY) by 101.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,625 shares of the company’s stock after buying an additional 1,325 shares during the quarter. Olistico Wealth LLC’s holdings in Sysco were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Elo Mutual Pension Insurance Co lifted its holdings in shares of Sysco by 3.9% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 44,022 shares of the company’s stock valued at $3,219,000 after purchasing an additional 1,634 shares during the last quarter. Hancock Whitney Corp raised its position in Sysco by 22.1% during the fourth quarter. Hancock Whitney Corp now owns 39,863 shares of the company’s stock valued at $2,915,000 after buying an additional 7,217 shares during the period. Ethic Inc. raised its position in Sysco by 20.6% during the fourth quarter. Ethic Inc. now owns 108,796 shares of the company’s stock valued at $7,956,000 after buying an additional 18,558 shares during the period. Jacobi Capital Management LLC raised its position in Sysco by 1.1% during the fourth quarter. Jacobi Capital Management LLC now owns 22,839 shares of the company’s stock valued at $1,670,000 after buying an additional 239 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in Sysco during the fourth quarter valued at $916,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

SYY has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Truist Financial dropped their price target on Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group upped their target price on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.08.

Sysco Stock Performance

SYY opened at $75.32 on Wednesday. The company has a market cap of $37.00 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The stock has a 50-day moving average of $76.68 and a 200-day moving average of $75.22. Sysco Co. has a 52-week low of $62.40 and a 52-week high of $82.89. 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 (NYSE:SYY) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $20.56 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $1.34 EPS. As a group, equities research analysts forecast that Sysco Co. will post 4.6 earnings per share for the current fiscal year.

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 is Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.71%. Sysco’s dividend payout ratio (DPR) is presently 49.76%.

Sysco 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.