Kiltearn Partners LLP trimmed its position in Sysco Co. (NYSE:SYY – Free Report) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,800 shares of the company’s stock after selling 12,400 shares during the period. Sysco makes up about 2.1% of Kiltearn Partners LLP’s holdings, making the stock its 20th biggest position. Kiltearn Partners LLP’s holdings in Sysco were worth $17,262,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SYY. TruNorth Capital Management LLC acquired a new position in shares of Sysco during the second quarter worth about $25,000. OFI Invest Asset Management acquired a new position in Sysco during the 1st quarter worth approximately $31,000. Burkett Financial Services LLC acquired a new position in Sysco during the 4th quarter worth approximately $30,000. Fairscale Capital LLC acquired a new stake in shares of Sysco in the 2nd quarter valued at approximately $38,000. Finally, Fairman Group LLC purchased a new stake in shares of Sysco in the fourth quarter valued at approximately $39,000. 83.41% of the stock is owned by institutional investors and hedge funds.
Sysco Price Performance
Shares of NYSE:SYY opened at $76.17 on Tuesday. 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 fifty day moving average price is $75.96 and its two-hundred day moving average price is $75.50. The stock has a market cap 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. Sysco Co. has a one year low of $62.24 and a one year high of $82.89.
Sysco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, October 4th. Sysco’s dividend payout ratio is currently 49.76%.
Wall Street Analyst Weigh In
Several research firms have issued reports on SYY. Barclays increased their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Bank of America reduced their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. JPMorgan Chase & Co. upped 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 Monday, September 16th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 2nd. Finally, Truist Financial lowered their price target on Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.55.
View Our Latest Analysis on Sysco
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.
Read More
- Five stocks we like better than Sysco
- How to Plot Fibonacci Price Inflection Levels
- Rate Cut Shockwaves: Which Bank Stocks Will Rise or Fall?
- The Basics of Support and Resistance
- S&P 500 Shake-Up: New Entrants Driving Market Momentum
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Don’t Overlook Mosaic’s Challenges—They Might Spark Opportunity
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.