Recent changes in holdings show that several institutional investors have purchased shares of Sysco. Notable acquisitions include:
- TruNorth Capital Management: $25,000
- OFI Invest Asset Management: $31,000
- Fairscale Capital: $38,000
- Fairman Group: $39,000
- LRI Investments: $45,000
Overall, institutional investors hold 83.41% of Sysco’s stock.
Wall Street Analyst Opinions
Analysts have updated their ratings for Sysco (SYY):
- Barclays raised the price target from $85.00 to $88.00 with an overweight rating.
- Jefferies Financial increased it from $91.00 to $92.00 with a buy rating.
- JPMorgan boosted from $85.00 to $88.00 with an overweight rating.
- Truist Financial lowered it from $87.00 to $85.00 with a buy rating.
- Bank of America decreased it from $91.00 to $87.00 with a buy rating.
The average rating for Sysco is a Moderate Buy with a target price of $86.08.
Sysco Stock Performance
Sysco shares opened at $77.38. The company’s financials include:
- 50-day moving average: $76.52
- 200-day moving average: $75.39
- Market cap: $38.03 billion
- P/E ratio: 18.87
- One-year low: $62.24; high: $82.89
The latest earnings report showed a $1.39 EPS, slightly above the expected $1.38, with a revenue of $20.56 billion.
Sysco Announces Dividend
Sysco declared a quarterly dividend of $0.51, payable on October 25th. The dividend yield is 2.64%, and the payout ratio is 49.76%.
Sysco Company Profile
Sysco Corporation is involved in the distribution of food and related products to the foodservice industry across various regions, including the U.S., Canada, and Europe.
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Find out about other hedge funds holding SYY: Visit HoldingsChannel.com for the latest filings and trades.
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