Why Sysco (SYY) is a Top Value Stock for the Long-Term
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Taking a Closer Look at Sysco
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Sysco (SYY) Benefits From Efficiency Enhancement Amid Challenges
Sysco (SYY) focuses on enhancing efficiency through supply-chain productivity and structural cost-containment efforts amid soft restaurant traffic.
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Sysco's (SYY) Operational Efficiency Aids Amid Soft Traffic
Sysco's (SYY) focus on efficiency improvements through supply-chain productivity and prudent cost containment helps it amid soft restaurant traffic.
Sysco (SYY) Advances Growth Initiatives, Sets Financial Targets
Sysco (SYY) is on track with advancing the Recipe for Growth strategy to drive sustainable growth. Management outlines detailed financial growth targets for the next three fiscal years.
Beacon Pointe Advisors LLC Sells 1,935 Shares of Sysco Co. (NYSE:SYY)
Beacon Pointe Advisors LLC cut its position in Sysco Co. (NYSE:SYY – Free Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,849 shares of the company’s stock after selling 1,935 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Sysco were worth $1,744,000 at the end of the most recent reporting period. Other institutional investors have also recently made changes to their positions in the company. Hunter Associates Investment Management LLC boosted its stake in Sysco by 1.5% in the 4th quarter. Hunter Associates Investment Management LLC now owns 8,275 shares of the company’s stock worth $606,000 after purchasing an additional 125 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of Sysco by 6.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company’s stock valued at $165,000 after acquiring an additional 135 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Sysco by 5.0% during the fourth quarter. Quent Capital LLC now owns 2,948 shares of the company’s stock worth $216,000 after purchasing an additional 140 shares in the last quarter. JFS Wealth Advisors LLC increased its position in shares of Sysco by 39.3% in the fourth quarter. JFS Wealth Advisors LLC now owns 500 shares of the company’s stock worth $37,000 after purchasing an additional 141 shares during the last quarter. Finally, GHE LLC raised its stake in Sysco by 1.0% in the fourth quarter. GHE LLC now owns 14,718 shares of the company’s stock valued at $1,076,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock. Insider Transactions at Sysco In other news, CAO Neil Russell sold 1,722 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the transaction, the chief accounting officer now owns 24,082 shares in the company, valued at $1,926,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock. Analyst Ratings Changes SYY has been the topic of a number of research analyst reports. Truist Financial decreased their price target on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st. Barclays increased their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Stephens upped their price objective on shares of Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, Piper Sandler reduced their price target on Sysco from $83.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $84.56. Get Our Latest Report on SYY Sysco Trading Down 0.4 % SYY opened at $75.91 on Monday. The business has a 50 day moving average of $77.75 and a 200-day moving average of $76.03. The company has a quick ratio of 0.77, a current ratio of 1.34 and a debt-to-equity ratio of 5.77. The stock has a market cap of $37.80 billion, a PE ratio of 18.51, a PEG ratio of 2.05 and a beta of 1.16. Sysco Co. has a 52 week low of $62.24 and a 52 week high of $82.89. Sysco (NYSE:SYY – Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. The business had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $19.74 billion. Sysco had a return on equity of 99.88% and a net margin of 2.66%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. Equities research analysts predict that Sysco Co. will post 4.31 earnings per share for the current fiscal year. Sysco Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be issued a $0.51 dividend. The ex-dividend date is Friday, July 5th. This is a boost from Sysco’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 2.69%. Sysco’s payout ratio is 48.78%. Sysco Company Profile (Free Report) 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.
Here's Why Sysco (SYY) is a Strong Value Stock
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