Capstone Triton Financial Group LLC Acquires 175 Shares of Sysco Co. (NYSE:SYY)

Capstone Triton Financial Group LLC lifted its holdings in Sysco Co. (NYSE:SYY) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,691 shares of the company’s stock after buying an additional 175 shares during the period. Capstone Triton Financial Group LLC’s holdings in Sysco were worth $906,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Capital World Investors increased its stake in Sysco by 17.5% during the first quarter. Capital World Investors now owns 10,984,950 shares of the company’s stock worth $891,758,000 after acquiring an additional 1,637,232 shares during the last quarter. Capital Research Global Investors lifted its position in Sysco by 112.8% in the first quarter. Capital Research Global Investors now owns 6,612,092 shares of the company’s stock worth $536,770,000 after buying an additional 3,504,740 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Sysco by 49.8% during the second quarter. Diamond Hill Capital Management Inc. now owns 6,012,607 shares of the company’s stock worth $429,240,000 after buying an additional 1,997,895 shares during the period. Primecap Management Co. CA increased its position in Sysco by 37.5% during the second quarter. Primecap Management Co. CA now owns 4,373,485 shares of the company’s stock valued at $312,223,000 after acquiring an additional 1,192,650 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sysco by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,701,385 shares of the company’s stock valued at $264,262,000 after acquiring an additional 359,640 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Trading Up 1.4 %

SYY opened at $75.19 on Friday. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89. The stock has a fifty day moving average price of $75.87 and a 200-day moving average price of $75.57. The firm has a market cap of $37.44 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.01 and a beta of 1.20. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 6.19.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The business 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%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $1.34 EPS. As a group, equities research analysts anticipate that Sysco Co. will post 4.6 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, October 4th. Sysco’s payout ratio is presently 49.76%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America reduced their price target on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Truist Financial lowered their target price on shares of Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, June 24th. JPMorgan Chase & Co. raised their price target on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Barclays boosted their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 2nd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and an average price target of $85.55.

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.