Sysco Co. (NYSE:SYY) Shares Purchased by Greenleaf Trust

Greenleaf Trust increased its holdings in shares of Sysco Co. (NYSE:SYY) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,426 shares of the company’s stock after purchasing an additional 1,127 shares during the period. Greenleaf Trust’s holdings in Sysco were worth $1,360,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SYY. Armstrong Advisory Group Inc. lifted its stake in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 310 shares during the period. TruNorth Capital Management LLC purchased a new stake in Sysco during the second quarter worth about $25,000. Fairscale Capital LLC purchased a new stake in Sysco during the second quarter worth about $38,000. LRI Investments LLC purchased a new stake in Sysco during the first quarter worth about $45,000. Finally, ESL Trust Services LLC purchased a new stake in Sysco during the first quarter worth about $49,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $74.37 on Friday. The firm has a 50 day simple moving average of $76.51 and a 200-day simple moving average of $74.82. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69. The firm has a market cap of $36.53 billion, a PE ratio of 19.12, a P/E/G ratio of 1.95 and a beta of 1.20. Sysco Co. has a 1-year low of $64.28 and a 1-year high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $20.56 billion during the quarter, compared to analyst estimates of $20.51 billion. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, equities analysts expect that Sysco Co. will post 4.6 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, October 4th. Sysco’s dividend payout ratio (DPR) is 52.44%.

Analyst Ratings Changes

SYY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Jefferies Financial Group boosted their price objective on shares of Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays boosted their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Morgan Stanley decreased their price objective on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Finally, StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $86.08.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products 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.