New York State Teachers Retirement System Has $36.34 Million Stock Position in Sysco Co. (NYSE:SYY)

New York State Teachers Retirement System lowered its position in shares of Sysco Co. (NYSE:SYY) by 3.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 465,502 shares of the company’s stock after selling 15,268 shares during the quarter. New York State Teachers Retirement System’s holdings in Sysco were worth $36,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Plimoth Trust Co. LLC raised its stake in 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 purchasing an additional 139 shares in the last quarter. Meeder Advisory Services Inc. grew its position in Sysco by 1.7% in the first 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. Koshinski Asset Management Inc. grew its position in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after acquiring an additional 146 shares during the last quarter. NorthRock Partners LLC grew its position in Sysco by 3.7% in the first quarter. NorthRock Partners LLC now owns 4,121 shares of the company’s stock valued at $335,000 after acquiring an additional 147 shares during the last quarter. Finally, Powers Advisory Group LLC grew its position in Sysco by 1.6% in the second quarter. Powers Advisory Group LLC now owns 9,555 shares of the company’s stock valued at $682,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Shares of SYY opened at $74.93 on Friday. Sysco Co. has a 52-week low of $64.28 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. The business’s 50 day moving average price is $76.23 and its two-hundred day moving average price is $74.75. The firm has a market cap of $36.81 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.48% and a return on equity of 102.09%. The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period last year, the firm posted $1.07 earnings per share. Sysco’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Sysco Co. will post 4.6 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, October 4th. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SYY shares. Bank of America decreased their target price on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Barclays lifted their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Jefferies Financial Group boosted their price target on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.77.

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.