O Brien Greene & Co. Inc grew its holdings in shares of SYSCO Co. (NYSE:SYY) by 6.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,348 shares of the company’s stock after buying an additional 1,200 shares during the quarter. O Brien Greene & Co. Inc’s holdings in SYSCO were worth $1,359,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sontag Advisory LLC bought a new position in SYSCO in the fourth quarter worth approximately $25,000. Focused Wealth Management Inc grew its stake in SYSCO by 244.1% in the fourth quarter. Focused Wealth Management Inc now owns 468 shares of the company’s stock worth $29,000 after purchasing an additional 332 shares in the last quarter. Athena Capital Advisors LLC bought a new position in SYSCO in the fourth quarter worth approximately $29,000. Valley National Advisers Inc. grew its stake in SYSCO by 60.5% in the fourth quarter. Valley National Advisers Inc. now owns 472 shares of the company’s stock worth $30,000 after purchasing an additional 178 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC bought a new position in SYSCO in the fourth quarter worth approximately $31,000. 80.61% of the stock is currently owned by hedge funds and other institutional investors.
In other SYSCO news, Director Trian Fund Management, L.P. sold 707,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $66.30, for a total transaction of $46,874,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.88% of the stock is currently owned by company insiders.
NYSE SYY traded down $0.08 during midday trading on Wednesday, hitting $75.41. 1,525,800 shares of the company traded hands, compared to its average volume of 2,859,137. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 3.44. The stock has a market capitalization of $38.83 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.15 and a beta of 0.55. SYSCO Co. has a 52 week low of $59.44 and a 52 week high of $75.98.
SYSCO (NYSE:SYY) last announced its earnings results on Monday, May 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.09. The business had revenue of $14.66 billion for the quarter, compared to analysts’ expectations of $14.78 billion. SYSCO had a return on equity of 73.66% and a net margin of 2.65%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. On average, equities analysts predict that SYSCO Co. will post 3.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 5th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.56 annualized dividend and a yield of 2.07%. SYSCO’s dividend payout ratio (DPR) is presently 49.68%.
SYY has been the topic of several research analyst reports. Pivotal Research reissued a “sell” rating and issued a $54.00 price objective on shares of SYSCO in a research note on Friday, February 1st. Zacks Investment Research cut SYSCO from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Buckingham Research increased their price objective on SYSCO from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Loop Capital set a $75.00 price objective on SYSCO and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Finally, Morgan Stanley increased their price objective on SYSCO from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $74.46.
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SYSCO Company Profile
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.
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