Steigerwald Gordon & Koch Inc. Increases Stock Position in Sysco Co. (NYSE:SYY)

Steigerwald Gordon & Koch Inc. boosted its holdings in Sysco Co. (NYSE:SYY) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,201 shares of the company’s stock after buying an additional 4,633 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Sysco were worth $13,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TruNorth Capital Management LLC bought a new stake in shares of Sysco during the 2nd quarter valued at $25,000. First United Bank & Trust bought a new position in shares of Sysco in the fourth quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new position in Sysco during the first quarter valued at approximately $31,000. Burkett Financial Services LLC purchased a new position in Sysco during the fourth quarter valued at approximately $30,000. Finally, Fairman Group LLC purchased a new stake in Sysco in the 4th quarter worth approximately $39,000. Institutional investors own 83.41% of the company’s stock.

Wall Street Analyst Weigh In

SYY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sysco from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. JPMorgan Chase & Co. cut their price objective on Sysco from $87.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Bank of America decreased 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. Barclays boosted their price target on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley dropped their price objective on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sysco has an average rating of “Moderate Buy” and an average price target of $85.27.

Sysco Trading Up 0.5 %

SYY traded up $0.43 on Tuesday, hitting $78.84. 63,401 shares of the company were exchanged, compared to its average volume of 3,037,017. The stock has a market capitalization of $38.75 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. Sysco Co. has a 12 month low of $62.24 and a 12 month high of $82.89. The company has a debt-to-equity ratio of 6.19, a quick ratio of 0.69 and a current ratio of 1.20. The firm has a fifty day simple moving average of $74.78 and a two-hundred day simple moving average of $75.77.

Sysco (NYSE:SYY) last issued its quarterly earnings data 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. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The firm had revenue of $20.56 billion for the quarter, compared to analyst estimates of $20.51 billion. During the same period last year, the company earned $1.34 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Sysco Co. will post 4.6 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders 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 2.59%. The ex-dividend date is Friday, October 4th. Sysco’s dividend payout ratio is currently 49.76%.

Sysco 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.