Shares of Sysco Co. (NYSE:SYY) bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. increased its position in Sysco Co. (NYSE:SYY – Free Report) by 17.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,827 shares of the company’s stock after purchasing an additional 1,465 shares during the quarter. Holdings of Meeder Advisory Services Inc. in Sysco were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Accretive Wealth Partners LLC boosted its stake in Sysco by 1.0% in the fourth quarter. Accretive Wealth Partners LLC now owns 21,788 shares of the company’s stock valued at $1,593,000 after purchasing an additional 212 shares during the period. Gryphon Financial Partners LLC grew its position in shares of Sysco by 55.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,817 shares of the company’s stock worth $352,000 after acquiring an additional 1,710 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Sysco by 7.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 20,840 shares of the company’s stock valued at $1,524,000 after purchasing an additional 1,411 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Sysco by 8.6% in the fourth quarter. Panagora Asset Management Inc. now owns 19,344 shares of the company’s stock valued at $1,415,000 after purchasing an additional 1,531 shares during the period. Finally, NorthRock Partners LLC acquired a new position in Sysco in the 4th quarter worth $291,000. Hedge funds and other institutional investors own 83.41% of the company’s shares.

Analyst upgrades and downgrades

Several equities analysts recently issued reports on SYY shares. Deutsche Bank Aktiengesellschaft cut their price objective on Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Bank of America dropped their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Truist Financial reduced their price objective on shares of Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. decreased their price target on Sysco from $87.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Finally, Guggenheim raised Sysco from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $85.27.

See the latest stock analysis on Sysco

Sysco price performance

Shares of NYSE:SYY opened at $76.52 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.20, and a debt-to-equity ratio of 6.19. The company has a 50-day moving average price of $75.34 and a 200-day moving average price of $75.70. Sysco Co. it has a 52-week low of $62.24 and a 52-week high of $82.89. The company has a market cap of $37.61 billion, a P/E ratio of 18.66, a PEG ratio of 2.01 and a beta of 1.20.

Sysco (NYSE:SYY – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $20.56 billion for the quarter, compared to the consensus estimate of $20.51 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. In the same period last year, the company earned $1.34 per share. Research analysts predict that Sysco Co. will post 4.6 earnings per share for the current year.

Sysco announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, October 4. This represents a dividend of $2.04 on an annualized basis and a dividend yield of 2.67%. Sysco’s dividend payout ratio (DPR) is currently 49.76%.

About Sysco

(Free Report)

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products for the foodservice or food-away-from-home industries in the United States, Canada, the United Kingdom, France and internationally. It operates through US foodservice operations, international foodservice operations, SYGMA and other segments.

See Also

Want to see what other hedge funds SYY owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Sysco Co. (NYSE:SYY – Free Report).

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