Parametrica Management Ltd purchased a new position in shares of Sysco Co. (NYSE:SYY – Get Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,707 shares of the company’s stock, valued at approximately $221,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in Sysco during the fourth quarter worth about $25,000. Allegheny Financial Group LTD acquired a new stake in shares of Sysco during the fourth quarter valued at about $31,000. KRS Capital Management LLC acquired a new position in shares of Sysco in the fourth quarter valued at approximately $31,000. DeDora Capital Inc. acquired a new position in shares of Sysco in the first quarter valued at approximately $31,000. Finally, Column Capital Advisors LLC grew its holdings 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 valued at $33,000 after purchasing an additional 392 shares in the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SYY. Morgan Stanley lifted their price target on shares of Sysco from $86.00 to $94.00 in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sysco from $82.00 to $84.00 in a report on Wednesday, May 11th. JPMorgan Chase & Co. raised shares of Sysco from a “neutral” rating to an “overweight” rating and set a $98.00 price objective on the stock in a research note on Thursday, May 26th. Truist Financial lowered their price target on shares of Sysco from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Finally, StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.13.
Sysco Price Performance
Shares of SYY opened at $86.30 on Wednesday. The firm has a market capitalization of $43.97 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 7.28, a quick ratio of 0.69 and a current ratio of 1.20. Sysco Co. has a one year low of $68.05 and a one year high of $91.53. The stock’s fifty day moving average is $84.57 and its 200-day moving average is $83.64.
Sysco (NYSE:SYY – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The company had revenue of $18.96 billion for the quarter, compared to analyst estimates of $18.29 billion. Sysco had a return on equity of 119.55% and a net margin of 1.98%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. Equities analysts anticipate that Sysco Co. will post 4.21 EPS for the current year.
Sysco Company Profile
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.
- Get a free copy of the StockNews.com research report on Sysco (SYY)
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