Sysco Co. (NYSE:SYY) Stock Holdings Lifted by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lifted its position in Sysco Co. (NYSE:SYYGet Rating) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,169 shares of the company’s stock after acquiring an additional 1,845 shares during the period. Sysco comprises approximately 2.0% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 21st largest position. Steigerwald Gordon & Koch Inc.’s holdings in Sysco were worth $13,323,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SYY. EverSource Wealth Advisors LLC acquired a new stake in shares of Sysco during the fourth quarter worth approximately $25,000. Allegheny Financial Group LTD acquired a new stake in shares of Sysco during the fourth quarter worth approximately $31,000. KRS Capital Management LLC acquired a new stake in shares of Sysco during the fourth quarter worth approximately $31,000. DeDora Capital Inc. acquired a new stake in shares of Sysco during the first quarter worth approximately $31,000. Finally, Mascoma Wealth Management LLC boosted 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 worth $34,000 after purchasing an additional 184 shares during the period. 80.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of SYY stock opened at $85.20 on Wednesday. Sysco Co. has a 1 year low of $68.05 and a 1 year high of $91.53. The firm’s fifty day simple moving average is $83.06 and its 200 day simple moving average is $81.96. The firm has a market capitalization of $43.41 billion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 8.03.

Sysco (NYSE:SYYGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. Sysco had a net margin of 1.52% and a return on equity of 100.62%. The business had revenue of $16.90 billion for the quarter, compared to analyst estimates of $15.99 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Sysco’s revenue was up 42.9% compared to the same quarter last year. Equities research analysts anticipate that Sysco Co. will post 3.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Friday, July 1st will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $1.96 dividend on an annualized basis and a yield of 2.30%. This is a positive change from Sysco’s previous quarterly dividend of $0.47. Sysco’s payout ratio is 101.03%.

In other Sysco news, CFO Aaron E. Alt purchased 1,000 shares of the stock in a transaction on Tuesday, June 21st. The shares were purchased at an average price of $80.09 per share, with a total value of $80,090.00. Following the acquisition, the chief financial officer now directly owns 14,220 shares of the company’s stock, valued at approximately $1,138,879.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kevin Hourican sold 75,018 shares of the business’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $86.00, for a total transaction of $6,451,548.00. Following the completion of the sale, the chief executive officer now directly owns 88,477 shares in the company, valued at approximately $7,609,022. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Several analysts recently commented on the stock. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, June 20th. CL King started coverage on shares of Sysco in a research note on Friday, March 11th. They issued a “neutral” rating for the company. Morgan Stanley lifted their target price on shares of Sysco from $86.00 to $94.00 in a research note on Wednesday, May 11th. Barclays lifted their target price on shares of Sysco from $97.00 to $102.00 and gave the company an “overweight” rating in a research note on Wednesday, June 29th. Finally, Piper Sandler lifted their target price on shares of Sysco from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, April 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.22.

Sysco Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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