Nilsine Partners LLC Has $470,000 Holdings in Sysco Co. (NYSE:SYY)

Nilsine Partners LLC trimmed its position in Sysco Co. (NYSE:SYY) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,586 shares of the company’s stock after selling 221 shares during the quarter. Nilsine Partners LLC’s holdings in Sysco were worth $470,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC grew its stake in Sysco by 3,159.0% during the 2nd quarter. ORG Partners LLC now owns 7,072 shares of the company’s stock valued at $495,000 after acquiring an additional 6,855 shares in the last quarter. Bridgefront Capital LLC purchased a new position in Sysco during the fourth quarter valued at approximately $841,000. Nebula Research & Development LLC acquired a new position in Sysco in the 4th quarter valued at approximately $916,000. Artisan Partners Limited Partnership lifted its position in Sysco by 11.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 597,216 shares of the company’s stock worth $43,674,000 after buying an additional 62,556 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its stake in shares of Sysco by 102.1% during the 1st quarter. Mizuho Markets Americas LLC now owns 139,875 shares of the company’s stock valued at $11,355,000 after buying an additional 70,660 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft cut their price target on Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. BMO Capital Markets lowered their price target on Sysco from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Barclays boosted their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.27.

Sysco Stock Performance

NYSE:SYY traded up $0.44 during midday trading on Friday, reaching $77.97. The stock had a trading volume of 2,346,457 shares, compared to its average volume of 2,479,362. The stock has a market capitalization of $38.32 billion, a P/E ratio of 19.02, a PEG ratio of 2.03 and a beta of 1.18. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69. Sysco Co. has a 1-year low of $62.24 and a 1-year high of $82.89. The firm’s fifty day simple moving average is $74.07 and its 200-day simple moving average is $75.84.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The business had revenue of $20.56 billion for the quarter, compared to analyst estimates of $20.51 billion. During the same period in the previous year, the company posted $1.34 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Sysco Co. will post 4.6 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be given a $0.51 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.62%. Sysco’s dividend payout ratio is 49.76%.

Sysco Company 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.