O Brien Greene & Co. Inc Increases Stock Holdings in Sysco Co. (NYSE:SYY)

O Brien Greene & Co. Inc boosted its position in Sysco Co. (NYSE:SYY) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,853 shares of the company’s stock after purchasing an additional 348 shares during the period. O Brien Greene & Co. Inc’s holdings in Sysco were worth $918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in Sysco during the 2nd quarter valued at approximately $25,000. OFI Invest Asset Management bought a new stake in Sysco during the 1st quarter valued at approximately $31,000. Burkett Financial Services LLC bought a new stake in Sysco during the 4th quarter valued at approximately $30,000. Fairman Group LLC bought a new stake in Sysco during the 4th quarter valued at approximately $39,000. Finally, LRI Investments LLC bought a new stake in Sysco in the 1st quarter worth approximately $45,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SYY shares. Bank of America reduced their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Guggenheim raised Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 28th. Barclays boosted their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, September 2nd. Finally, Morgan Stanley lowered their target price on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.55.

Sysco Trading Up 0.9 %

Sysco stock opened at $77.79 on Wednesday. The stock has a 50-day moving average of $75.66 and a two-hundred day moving average of $75.62. The company has a debt-to-equity ratio of 6.19, a quick ratio of 0.69 and a current ratio of 1.20. Sysco Co. has a one year low of $62.24 and a one year high of $82.89. The stock has a market cap of $38.74 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, beating 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 company had revenue of $20.56 billion during the quarter, compared to analysts’ expectations of $20.51 billion. During the same period last year, the business posted $1.34 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that Sysco Co. will post 4.6 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed 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. This represents a $2.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, October 4th. Sysco’s payout ratio is 49.76%.

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.