Sysco Co. (NYSE:SYY) Shares Acquired by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lifted its position in shares of Sysco Co. (NYSE:SYYGet Rating) by 14.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,734 shares of the company’s stock after buying an additional 4,445 shares during the period. Gilman Hill Asset Management LLC’s holdings in Sysco were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. CFS Investment Advisory Services LLC increased its holdings in shares of Sysco by 8,046.2% during the 1st quarter. CFS Investment Advisory Services LLC now owns 2,049,905 shares of the company’s stock worth $25,000 after buying an additional 2,024,741 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in Sysco in the 1st quarter valued at approximately $29,000. DeDora Capital Inc. acquired a new stake in Sysco in the 1st quarter valued at approximately $31,000. Column Capital Advisors LLC increased its holdings in Sysco by 4,900.0% in the 1st quarter. Column Capital Advisors LLC now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 392 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its holdings in Sysco by 80.0% in the 1st quarter. Mascoma Wealth Management LLC now owns 414 shares of the company’s stock valued at $34,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 82.43% of the company’s stock.

Sysco Stock Down 2.4 %

NYSE SYY traded down $1.85 during trading hours on Friday, reaching $75.53. 26,157 shares of the company traded hands, compared to its average volume of 1,773,847. The company has a 50 day moving average of $83.98 and a two-hundred day moving average of $83.51. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 7.28. Sysco Co. has a 12 month low of $68.05 and a 12 month high of $91.53. The stock has a market capitalization of $38.23 billion, a PE ratio of 29.31, a PEG ratio of 2.07 and a beta of 1.01.

Sysco (NYSE:SYYGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 1.98% and a return on equity of 119.55%. The company had revenue of $18.96 billion for the quarter, compared to the consensus estimate of $18.29 billion. During the same period last year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities analysts expect that Sysco Co. will post 4.2 earnings per share for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.59%. Sysco’s dividend payout ratio (DPR) is presently 74.24%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYY. Barclays decreased their price target on shares of Sysco to $100.00 in a research report on Monday, August 15th. Truist Financial dropped their price objective on shares of Sysco from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. JPMorgan Chase & Co. upgraded shares of Sysco from a “neutral” rating to an “overweight” rating and set a $98.00 price objective on the stock in a research note on Thursday, May 26th. Credit Suisse Group dropped their price target on shares of Sysco from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Finally, StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 14th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sysco has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Sysco Profile

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Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily 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.

See Also

Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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