Boston Trust Walden Corp Boosts Holdings in Sysco Co. (NYSE:SYY)

Boston Trust Walden Corp increased its holdings in Sysco Co. (NYSE:SYY) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 289,495 shares of the company’s stock after buying an additional 6,967 shares during the quarter. Boston Trust Walden Corp owned about 0.06% of Sysco worth $20,667,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital World Investors lifted its holdings in Sysco by 17.5% in the 1st quarter. Capital World Investors now owns 10,984,950 shares of the company’s stock worth $891,758,000 after purchasing an additional 1,637,232 shares in the last quarter. Capital Research Global Investors increased its position in Sysco by 112.8% during the 1st quarter. Capital Research Global Investors now owns 6,612,092 shares of the company’s stock valued at $536,770,000 after purchasing an additional 3,504,740 shares during the period. Norges Bank bought a new position in Sysco in the fourth quarter worth approximately $450,794,000. The Manufacturers Life Insurance Company lifted its stake in shares of Sysco by 132.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,653,446 shares of the company’s stock worth $267,177,000 after purchasing an additional 2,084,501 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Sysco by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,036,100 shares of the company’s stock valued at $222,029,000 after buying an additional 240,671 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Up 1.1 %

NYSE:SYY traded up $0.81 on Friday, reaching $76.57. The company’s stock had a trading volume of 2,197,203 shares, compared to its average volume of 3,204,062. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89. The company has a quick ratio of 0.69, a current ratio of 1.20 and a debt-to-equity ratio of 6.19. The firm has a market cap of $38.13 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18. The stock has a 50 day moving average price of $73.08 and a 200 day moving average price of $76.07.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, beating 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 company had revenue of $20.56 billion for the quarter, compared to the consensus estimate of $20.51 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Sysco Co. will post 4.6 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders 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 yield of 2.66%. Sysco’s dividend payout ratio is currently 49.76%.

Analysts Set New Price Targets

Several equities analysts recently commented on SYY shares. Barclays increased their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Truist Financial dropped their price objective on Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, June 24th. BMO Capital Markets lowered their price target on Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. UBS Group lowered their price target on Sysco from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Morgan Stanley lowered their price target on Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.27.

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.