Albion Financial Group UT Has $108,000 Stock Holdings in Sysco Co. (NYSE:SYY)

Albion Financial Group UT grew its position in shares of Sysco Co. (NYSE:SYY) by 27.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,378 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Albion Financial Group UT’s holdings in Sysco were worth $108,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Tobam acquired a new stake in shares of Sysco during the third quarter valued at about $81,000. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Sysco by 2.0% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 196,128 shares of the company’s stock valued at $15,310,000 after purchasing an additional 3,927 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its stake in shares of Sysco by 25.8% during the third quarter. Strategic Wealth Partners Ltd. now owns 76,541 shares of the company’s stock valued at $5,975,000 after purchasing an additional 15,708 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Sysco by 7.9% during the third quarter. Brookstone Capital Management now owns 15,136 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Olistico Wealth LLC lifted its stake in shares of Sysco by 101.9% in the third quarter. Olistico Wealth LLC now owns 2,625 shares of the company’s stock worth $205,000 after acquiring an additional 1,325 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SYY shares. JPMorgan Chase & Co. lifted their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Truist Financial cut their price objective on Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley cut their price objective on Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group lifted their price objective on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $86.08.

Sysco Price Performance

Shares of SYY opened at $74.42 on Friday. Sysco Co. has a 52-week low of $62.45 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 $76.53 and its two-hundred day moving average price is $75.12. The firm has a market cap of $37.06 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm 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 company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. On average, equities analysts anticipate that Sysco Co. will post 4.6 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be issued 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 2.74%. Sysco’s dividend payout ratio is 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.