Sysco Co. (NYSE:SYY) Shares Sold by Xponance Inc.

Xponance Inc. lessened its holdings in shares of Sysco Co. (NYSE:SYY) by 14.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,636 shares of the company’s stock after selling 17,180 shares during the quarter. Xponance Inc.’s holdings in Sysco were worth $7,113,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYY. Accretive Wealth Partners LLC increased its position in Sysco by 1.0% during the 4th quarter. Accretive Wealth Partners LLC now owns 21,788 shares of the company’s stock worth $1,593,000 after purchasing an additional 212 shares in the last quarter. Gryphon Financial Partners LLC increased its position in Sysco by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,817 shares of the company’s stock worth $352,000 after purchasing an additional 1,710 shares in the last quarter. Franklin Resources Inc. increased its position in Sysco by 28.3% during the 4th quarter. Franklin Resources Inc. now owns 424,407 shares of the company’s stock worth $31,037,000 after purchasing an additional 93,628 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Sysco by 1.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 70,820 shares of the company’s stock worth $5,179,000 after acquiring an additional 853 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in Sysco by 13.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 24,808 shares of the company’s stock worth $1,876,000 after acquiring an additional 2,894 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of SYY opened at $76.17 on Tuesday. The business’s fifty day moving average price is $75.96 and its 200 day moving average price is $75.50. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89. The stock has a market capitalization of $37.93 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. 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 (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The firm had revenue of $20.56 billion for the quarter, compared to analysts’ expectations of $20.51 billion. During the same period last year, the business posted $1.34 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts forecast that Sysco Co. will post 4.6 EPS for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, October 4th. Sysco’s dividend payout ratio is presently 49.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SYY shares. Bank of America decreased 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. Morgan Stanley decreased their price target on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Guggenheim upgraded Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, May 28th. Truist Financial decreased their price target on Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.