Fidelis Capital Partners LLC Has $324,000 Stake in Sysco Co. (NYSE:SYY)

Fidelis Capital Partners LLC trimmed its holdings in Sysco Co. (NYSE:SYYFree Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,985 shares of the company’s stock after selling 450 shares during the period. Fidelis Capital Partners LLC’s holdings in Sysco were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. First United Bank & Trust acquired a new position in shares of Sysco during the fourth quarter worth about $26,000. AdvisorNet Financial Inc boosted its position in Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. OFI Invest Asset Management acquired a new position in Sysco during the first quarter valued at approximately $31,000. Burkett Financial Services LLC acquired a new position in Sysco during the fourth quarter valued at approximately $30,000. Finally, Headlands Technologies LLC bought a new stake in Sysco in the fourth quarter valued at approximately $34,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on SYY. Morgan Stanley dropped their price objective on Sysco from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 23rd. Guggenheim upgraded Sysco from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, May 28th. Piper Sandler lowered their price objective on Sysco from $83.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Barclays dropped their price objective on Sysco from $88.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Finally, UBS Group dropped their price objective on Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.90.

Get Our Latest Research Report on SYY

Sysco Stock Down 0.1 %

Shares of NYSE:SYY opened at $69.66 on Tuesday. The company has a market capitalization of $34.69 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.88 and a beta of 1.18. The company has a debt-to-equity ratio of 5.77, a current ratio of 1.34 and a quick ratio of 0.77. The business’s 50-day moving average is $73.08 and its 200-day moving average is $76.26. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89.

Sysco (NYSE:SYYGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Sysco had a return on equity of 99.88% and a net margin of 2.66%. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $19.74 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 5th will be paid a dividend of $0.51 per share. This is an increase from Sysco’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, July 5th. Sysco’s dividend payout ratio is 48.78%.

About Sysco

(Free Report)

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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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