B. Riley Wealth Advisors Inc. diminished its stake in shares of Sysco Co. (NYSE:SYY – Free Report) by 69.6% throughout the 2nd quarter, Holdings Channel.com stories. The agency owned 10,923 shares of the corporate’s inventory after promoting 25,045 shares throughout the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sysco have been value $780,000 as of its most up-to-date submitting with the SEC.
Various different institutional traders have additionally modified their holdings of the inventory. Regal Funding Advisors LLC boosted its stake in shares of Sysco by 19.0% within the second quarter. Regal Funding Advisors LLC now owns 20,674 shares of the corporate’s inventory value $1,476,000 after shopping for a further 3,300 shares over the last quarter. Quarry LP boosted its place in Sysco by 260.7% within the 2nd quarter. Quarry LP now owns 1,248 shares of the corporate’s inventory value $89,000 after buying a further 902 shares within the final quarter. William B. Walkup & Associates Inc. acquired a brand new stake in shares of Sysco throughout the 2nd quarter value roughly $1,199,000. Northwestern Mutual Wealth Administration Co. elevated its holdings in shares of Sysco by 58.2% throughout the 2nd quarter. Northwestern Mutual Wealth Administration Co. now owns 63,387 shares of the corporate’s inventory valued at $4,525,000 after buying a further 23,321 shares within the final quarter. Lastly, SkyView Funding Advisors LLC lifted its stake in shares of Sysco by 13.6% within the 2nd quarter. SkyView Funding Advisors LLC now owns 8,064 shares of the corporate’s inventory valued at $576,000 after buying a further 966 shares throughout the interval. Hedge funds and different institutional traders personal 83.41% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of analysis corporations not too long ago commented on SYY. Morgan Stanley dropped their worth goal on shares of Sysco from $82.00 to $81.00 and set an “equal weight” ranking on the inventory in a analysis report on Tuesday, July sixteenth. Financial institution of America diminished their worth goal on Sysco from $91.00 to $87.00 and set a “purchase” ranking for the corporate in a report on Thursday, July 18th. JPMorgan Chase & Co. raised their worth goal on Sysco from $85.00 to $88.00 and gave the corporate an “obese” ranking in a report on Monday, September sixteenth. StockNews.com raised Sysco from a “purchase” ranking to a “strong-buy” ranking in a analysis word on Wednesday. Lastly, Barclays lifted their worth goal on shares of Sysco from $85.00 to $88.00 and gave the corporate an “obese” ranking in a analysis word on Wednesday, July thirty first. Two analysts have rated the inventory with a maintain ranking, ten have given a purchase ranking and one has issued a powerful purchase ranking to the inventory. In accordance with knowledge from MarketBeat, the inventory has a mean ranking of “Reasonable Purchase” and a mean goal worth of $86.08.
View Our Newest Report on Sysco
Sysco Buying and selling Down 0.3 %
Shares of SYY opened at $75.41 on Friday. The agency’s fifty day shifting common is $76.65 and its two-hundred day shifting common is $75.35. The inventory has a market cap of $37.07 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of two.02 and a beta of 1.20. The corporate has a fast ratio of 0.69, a present ratio of 1.20 and a debt-to-equity ratio of 6.19. Sysco Co. has a 52-week low of $62.24 and a 52-week excessive of $82.89.
Sysco (NYSE:SYY – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, July thirtieth. The corporate reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The corporate had income of $20.56 billion throughout the quarter, in comparison with analysts’ expectations of $20.51 billion. Sysco had a web margin of two.48% and a return on fairness of 102.09%. Sysco’s income was up 4.2% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the corporate earned $1.34 EPS. Analysis analysts forecast that Sysco Co. will put up 4.6 earnings per share for the present fiscal yr.
Sysco Publicizes Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which will likely be paid on Friday, October twenty fifth. Buyers of file on Friday, October 4th will likely be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of two.71%. Sysco’s dividend payout ratio is presently 49.76%.
About Sysco
Sysco Company, by means of its subsidiaries, engages within the advertising and marketing and distribution of varied meals and associated merchandise to the foodservice or food-away-from-home trade in the USA, Canada, the UK, France, and internationally. It operates by means of U.S. Foodservice Operations, Worldwide Foodservice Operations, SYGMA, and Different segments.
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