EP Wealth Advisors LLC Has $678,000 Position in Sysco Co. (NYSE:SYY)

EP Wealth Advisors LLC increased its stake in shares of Sysco Co. (NYSE:SYY) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,356 shares of the company’s stock after purchasing an additional 791 shares during the quarter. EP Wealth Advisors LLC’s holdings in Sysco were worth $678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Delap Wealth Advisory LLC acquired a new position in Sysco in the 1st quarter worth about $273,000. Shell Asset Management Co. grew its holdings in shares of Sysco by 205.0% during the first quarter. Shell Asset Management Co. now owns 14,305 shares of the company’s stock worth $1,161,000 after purchasing an additional 9,615 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Sysco in the first quarter valued at approximately $104,000. MQS Management LLC increased its stake in shares of Sysco by 9.4% in the first quarter. MQS Management LLC now owns 3,637 shares of the company’s stock valued at $295,000 after buying an additional 314 shares during the period. Finally, Ossiam raised its holdings in Sysco by 353.9% in the 1st quarter. Ossiam now owns 167,526 shares of the company’s stock valued at $13,600,000 after buying an additional 130,616 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 1.0 %

NYSE SYY traded up $0.73 during trading hours on Friday, hitting $72.85. 2,578,883 shares of the company’s stock were exchanged, compared to its average volume of 3,089,214. The firm has a market cap of $36.28 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.91 and a beta of 1.18. The stock has a 50-day simple moving average of $72.33 and a 200 day simple moving average of $76.09. The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 5.77. Sysco Co. has a 1-year low of $62.24 and a 1-year high of $82.89.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $19.38 billion for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.90 EPS. On average, equities analysts forecast that Sysco Co. will post 4.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial reduced their target price on shares of Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Piper Sandler decreased their price objective on Sysco from $83.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Barclays lowered their target price on Sysco from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Bank of America reduced their price target on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, UBS Group lowered their price objective on Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.