Sysco Co. (NYSE:SYY) Position Trimmed by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. decreased its stake in Sysco Co. (NYSE:SYYGet Rating) by 9.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,012 shares of the company’s stock after selling 497 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Sysco were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SYY. KRS Capital Management LLC purchased a new stake in shares of Sysco in the 4th quarter valued at approximately $31,000. DeDora Capital Inc. purchased a new stake in shares of Sysco in the first quarter valued at $31,000. Column Capital Advisors LLC boosted its position in shares of Sysco by 4,900.0% in the first quarter. Column Capital Advisors LLC now owns 400 shares of the company’s stock worth $33,000 after buying an additional 392 shares during the period. Mascoma Wealth Management LLC grew its holdings in shares of Sysco by 80.0% during the first quarter. Mascoma Wealth Management LLC now owns 414 shares of the company’s stock valued at $34,000 after buying an additional 184 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Sysco in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 82.43% of the company’s stock.

Insider Activity at Sysco

In other Sysco news, CFO Aaron E. Alt acquired 1,000 shares of Sysco stock in a transaction dated Tuesday, June 21st. The stock was bought at an average cost of $80.09 per share, with a total value of $80,090.00. Following the completion of the transaction, the chief financial officer now owns 14,220 shares of the company’s stock, valued at $1,138,879.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on SYY shares. Barclays lowered their target price on Sysco to $100.00 in a research note on Monday, August 15th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 14th. JPMorgan Chase & Co. raised shares of Sysco from a “neutral” rating to an “overweight” rating and set a $98.00 price target on the stock in a research note on Thursday, May 26th. Credit Suisse Group reduced their price objective on Sysco from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. Finally, Truist Financial dropped their target price on Sysco from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.13.

Sysco Stock Up 1.0 %

SYY opened at $83.89 on Monday. The firm has a market cap of $42.46 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The company has a debt-to-equity ratio of 7.28, a quick ratio of 0.69 and a current ratio of 1.20. The business has a 50 day moving average price of $85.12 and a 200 day moving average price of $83.85. Sysco Co. has a twelve month low of $68.05 and a twelve month high of $91.53.

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

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 2.34%. Sysco’s dividend payout ratio is presently 74.24%.

About Sysco

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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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