Sysco Co. (NYSE:SYY) Shares Bought by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC increased its holdings in shares of Sysco Co. (NYSE:SYY) by 1.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,336 shares of the company’s stock after acquiring an additional 393 shares during the period. Northwest Investment Counselors LLC’s holdings in Sysco were worth $3,149,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC increased its stake in Sysco by 3,159.0% in the second quarter. ORG Partners LLC now owns 7,072 shares of the company’s stock valued at $495,000 after purchasing an additional 6,855 shares during the last quarter. Mizuho Markets Americas LLC increased its position in Sysco by 102.1% during the 1st quarter. Mizuho Markets Americas LLC now owns 139,875 shares of the company’s stock worth $11,355,000 after purchasing an additional 70,660 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Sysco by 11.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 176,170 shares of the company’s stock valued at $12,577,000 after buying an additional 18,296 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Sysco in the 1st quarter valued at about $1,677,000. Finally, Shell Asset Management Co. lifted its stake in shares of Sysco by 205.0% in the 1st quarter. Shell Asset Management Co. now owns 14,305 shares of the company’s stock valued at $1,161,000 after purchasing an additional 9,615 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Down 0.5 %

SYY traded down $0.36 during mid-day trading on Monday, reaching $75.18. 1,184,667 shares of the stock were exchanged, compared to its average volume of 3,154,055. The company has a 50 day moving average price of $76.55 and a two-hundred day moving average price of $74.85. 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 stock has a market capitalization of $36.93 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Sysco Co. has a 1 year low of $64.28 and a 1 year high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $20.56 billion for the quarter, compared to analysts’ expectations of $20.51 billion. Sysco had a net margin of 2.48% and a return on equity of 102.09%. Sysco’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. As a group, research 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. 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 dividend on an annualized basis and a yield of 2.71%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Analysts Set New Price Targets

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

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.