Clarius Group LLC decreased its place in Sysco Co. (NYSE:SYY – Free Report) by 4.3% within the third quarter, in accordance with its most up-to-date submitting with the SEC. The agency owned 3,887 shares of the corporate’s inventory after promoting 173 shares throughout the interval. Clarius Group LLC’s holdings in Sysco have been value $300,000 on the finish of the latest reporting interval.
A number of different institutional traders additionally just lately purchased and offered shares of SYY. TruNorth Capital Administration LLC bought a brand new stake in shares of Sysco within the second quarter valued at $25,000. OFI Make investments Asset Administration acquired a brand new stake in Sysco within the 1st quarter value about $31,000. Fairscale Capital LLC bought a brand new stake in Sysco within the 2nd quarter valued at about $38,000. Fairman Group LLC acquired a brand new place in shares of Sysco throughout the 4th quarter valued at about $39,000. Lastly, Livelsberger Monetary Advisory bought a brand new place in shares of Sysco throughout the 4th quarter value about $44,000. 83.41% of the inventory is at present owned by institutional traders and hedge funds.
Wall Road Analysts Forecast Progress
A number of equities analysts just lately commented on the inventory. Financial institution of America dropped their worth goal on shares of Sysco from $91.00 to $87.00 and set a “purchase” score for the corporate in a analysis report on Thursday, July 18th. Truist Monetary lower their goal worth on Sysco from $87.00 to $85.00 and set a “purchase” score on the inventory in a analysis report on Monday, June twenty fourth. Jefferies Monetary Group raised their worth goal on Sysco from $91.00 to $92.00 and gave the inventory a “purchase” score in a report on Wednesday, September twenty fifth. Morgan Stanley dropped their goal worth on shares of Sysco from $82.00 to $81.00 and set an “equal weight” score for the corporate in a analysis report on Tuesday, July sixteenth. Lastly, Barclays lifted their worth goal on shares of Sysco from $85.00 to $88.00 and gave the corporate an “chubby” score in a analysis report on Wednesday, July thirty first. Two funding analysts have rated the inventory with a maintain score, ten have given a purchase score and one has assigned a powerful purchase score to the corporate’s inventory. In accordance with information from MarketBeat.com, Sysco has a median score of “Average Purchase” and a consensus goal worth of $86.08.
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Sysco Buying and selling Up 0.8 %
Shares of SYY opened at $74.42 on Friday. The corporate has a debt-to-equity ratio of 6.19, a fast ratio of 0.69 and a present ratio of 1.20. Sysco Co. has a one yr low of $62.45 and a one yr excessive of $82.89. The inventory has a 50-day transferring common worth of $76.53 and a 200 day transferring common worth of $75.08. The corporate has a market capitalization of $36.56 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.92 and a beta of 1.20.
Sysco (NYSE:SYY – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, July thirtieth. The corporate reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. Sysco had a internet margin of two.48% and a return on fairness of 102.09%. The enterprise had income of $20.56 billion throughout the quarter, in comparison with analyst estimates of $20.51 billion. Throughout the identical quarter within the earlier yr, the agency earned $1.34 earnings per share. The enterprise’s income was up 4.2% in comparison with the identical quarter final yr. Promote-side analysts forecast that Sysco Co. will submit 4.6 EPS for the present fiscal yr.
Sysco Proclaims Dividend
The corporate additionally just lately declared a quarterly dividend, which will probably be paid on Friday, October twenty fifth. Traders of file on Friday, October 4th will probably be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.04 dividend on an annualized foundation and a yield of two.74%. Sysco’s dividend payout ratio (DPR) is 52.44%.
Sysco Profile
Sysco Company, by way of its subsidiaries, engages within the advertising and marketing and distribution of assorted meals and associated merchandise to the foodservice or food-away-from-home trade in the US, Canada, the UK, France, and internationally. It operates by way of U.S. Foodservice Operations, Worldwide Foodservice Operations, SYGMA, and Different segments.
Really useful Tales
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