SYSCO Co. (NYSE:SYY) Shares Bought by Marino Stram & Associates LLC

Marino Stram & Associates LLC grew its stake in SYSCO Co. (NYSE:SYY) by 35.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,354 shares of the company’s stock after purchasing an additional 356 shares during the period. Marino Stram & Associates LLC’s holdings in SYSCO were worth $90,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Security National Trust Co. boosted its holdings in shares of SYSCO by 6.4% in the 1st quarter. Security National Trust Co. now owns 2,500 shares of the company’s stock valued at $167,000 after buying an additional 150 shares in the last quarter. LVM Capital Management Ltd. MI raised its position in SYSCO by 1.4% in the 1st quarter. LVM Capital Management Ltd. MI now owns 11,284 shares of the company’s stock valued at $753,000 after purchasing an additional 155 shares during the last quarter. Whittier Trust Co. raised its position in SYSCO by 1.1% in the 4th quarter. Whittier Trust Co. now owns 14,950 shares of the company’s stock valued at $936,000 after purchasing an additional 160 shares during the last quarter. Cable Hill Partners LLC raised its position in SYSCO by 11.8% in the 1st quarter. Cable Hill Partners LLC now owns 1,520 shares of the company’s stock valued at $101,000 after purchasing an additional 161 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in SYSCO by 40.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 577 shares of the company’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of SYSCO from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Tuesday, May 7th. ValuEngine upgraded shares of SYSCO from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Loop Capital upped their price target on shares of SYSCO to $80.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Morgan Stanley upped their price target on shares of SYSCO from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of SYSCO from $77.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. SYSCO has a consensus rating of “Hold” and a consensus target price of $74.21.

SYSCO stock traded up $0.11 during trading hours on Wednesday, reaching $72.87. 43,303 shares of the stock were exchanged, compared to its average volume of 2,864,546. The company has a market cap of $36.86 billion, a P/E ratio of 23.23, a PEG ratio of 2.06 and a beta of 0.55. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.79 and a current ratio of 1.30. SYSCO Co. has a 52-week low of $59.44 and a 52-week high of $75.98.

SYSCO (NYSE:SYY) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. The company had revenue of $14.66 billion during the quarter, compared to the consensus estimate of $14.78 billion. SYSCO had a net margin of 2.65% and a return on equity of 73.66%. SYSCO’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. As a group, equities analysts predict that SYSCO Co. will post 3.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.14%. SYSCO’s payout ratio is currently 49.68%.

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SYSCO 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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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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