Catalyst Financial Partners LLC Purchases 266 Shares of Sysco Co. (NYSE:SYY)

Catalyst Financial Partners LLC boosted its position in Sysco Co. (NYSE:SYY) by 6.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,637 shares of the company’s stock after buying an additional 266 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Sysco were worth $331,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC increased its holdings in Sysco by 3,159.0% in the second quarter. ORG Partners LLC now owns 7,072 shares of the company’s stock valued at $495,000 after purchasing an additional 6,855 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Sysco in the 4th quarter valued at approximately $841,000. Nebula Research & Development LLC bought a new position in Sysco during the 4th quarter worth approximately $916,000. Artisan Partners Limited Partnership grew its holdings in Sysco by 11.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 597,216 shares of the company’s stock valued at $43,674,000 after purchasing an additional 62,556 shares during the period. Finally, Cannell & Co. grew its holdings in Sysco by 20.4% during the fourth quarter. Cannell & Co. now owns 206,834 shares of the company’s stock valued at $15,126,000 after purchasing an additional 35,089 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Stock Down 0.2 %

Shares of NYSE:SYY traded down $0.18 during trading on Monday, hitting $76.98. 959,639 shares of the company were exchanged, compared to its average volume of 3,062,653. The stock has a market cap of $38.33 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 2.00 and a beta of 1.18. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 6.19. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The firm has a fifty day moving average price of $73.65 and a two-hundred day moving average price of $75.90.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $20.56 billion for 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 quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, research analysts anticipate that Sysco Co. will post 4.6 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be given a $0.51 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.65%. Sysco’s payout ratio is 49.76%.

Wall Street Analyst Weigh In

SYY has been the subject of several research analyst reports. Barclays boosted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. UBS Group lowered their target price on Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Guggenheim raised shares of Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, May 28th. JPMorgan Chase & Co. lowered their target price on Sysco from $87.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Sysco from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.27.

Sysco Company Profile

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.