Atlas Capital Advisors LLC Has $679,000 Stock Position in Sysco Co. (NYSE:SYY)

Atlas Capital Advisors LLC lifted its position in Sysco Co. (NYSE:SYY) by 118,750.0% in the second quarter, HoldingsChannel.com reports. The firm owned 9,508 shares of the company’s stock after acquiring an additional 9,500 shares during the period. Atlas Capital Advisors LLC’s holdings in Sysco were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. TruNorth Capital Management LLC acquired a new position in Sysco in the second quarter worth about $25,000. First United Bank & Trust acquired a new stake in shares of Sysco in the 4th quarter valued at $26,000. OFI Invest Asset Management acquired a new position in Sysco in the first quarter valued at about $31,000. Burkett Financial Services LLC acquired a new stake in shares of Sysco during the fourth quarter worth approximately $30,000. Finally, Headlands Technologies LLC acquired a new position in shares of Sysco in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

NYSE:SYY opened at $77.97 on Friday. The company has a market cap of $38.83 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.01 and a beta of 1.18. 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 Co. has a 52-week low of $62.24 and a 52-week high of $82.89. The stock’s 50-day simple moving average is $73.97 and its 200 day simple moving average is $75.88.

Sysco (NYSE:SYY) last issued its 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 the consensus estimate of $20.51 billion. Sysco had a net margin of 2.48% and a return on equity of 102.09%. Sysco’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. As a group, sell-side analysts forecast that Sysco Co. will post 4.6 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be issued a $0.51 dividend. 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 is currently 49.76%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SYY. Bank of America dropped their price target on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Barclays lifted their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. BMO Capital Markets cut their price target on Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. Truist Financial lowered their price objective on Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Finally, Guggenheim upgraded shares of Sysco from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $85.27.

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.