Massmutual Trust Co. FSB ADV Has $3.44 Million Position in Sysco Co. (NYSE:SYY)

Massmutual Trust Co. FSB ADV grew its holdings in Sysco Co. (NYSE:SYY) by 44.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,122 shares of the company’s stock after purchasing an additional 13,639 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Sysco were worth $3,444,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new position in shares of Sysco during the second quarter valued at $25,000. OFI Invest Asset Management acquired a new position in shares of Sysco during the first quarter valued at $31,000. Fairscale Capital LLC bought a new stake in Sysco in the second quarter valued at about $38,000. Fairman Group LLC bought a new stake in Sysco in the fourth quarter valued at about $39,000. Finally, Livelsberger Financial Advisory bought a new stake in Sysco in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

Sysco stock opened at $76.12 on Friday. The stock’s fifty day moving average price is $76.60 and its two-hundred day moving average price is $75.39. Sysco Co. has a one year low of $62.24 and a one year high of $82.89. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69. The firm has a market cap of $37.41 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $20.51 billion. During the same quarter last year, the company earned $1.34 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts expect that Sysco Co. will post 4.6 EPS for the current fiscal year.

Sysco Announces Dividend

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 paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.68%. Sysco’s payout ratio is 49.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SYY. Bank of America dropped their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Barclays increased their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Truist Financial lowered 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. Morgan Stanley lowered 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. Finally, JPMorgan Chase & Co. increased their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.08.

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.