Weil Company Inc. Has $408,000 Stock Holdings in Sysco Co. (NYSE:SYY)

Weil Company Inc. raised its stake in Sysco Co. (NYSE:SYY) by 8.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,716 shares of the company’s stock after purchasing an additional 458 shares during the period. Weil Company Inc.’s holdings in Sysco were worth $408,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its position in Sysco by 7.5% during the fourth quarter. Fisher Asset Management LLC now owns 5,700 shares of the company’s stock worth $417,000 after acquiring an additional 400 shares during the last quarter. Accretive Wealth Partners LLC increased its stake in shares of Sysco by 1.0% during the fourth quarter. Accretive Wealth Partners LLC now owns 21,788 shares of the company’s stock worth $1,593,000 after purchasing an additional 212 shares during the period. Private Advisor Group LLC lifted its holdings in Sysco by 20.3% during the 4th quarter. Private Advisor Group LLC now owns 42,175 shares of the company’s stock worth $3,084,000 after purchasing an additional 7,128 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in Sysco by 55.0% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,817 shares of the company’s stock valued at $352,000 after purchasing an additional 1,710 shares during the period. Finally, Montag A & Associates Inc. grew its holdings in Sysco by 9.4% in the 4th quarter. Montag A & Associates Inc. now owns 5,833 shares of the company’s stock valued at $427,000 after buying an additional 500 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SYY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. BMO Capital Markets decreased their target price on shares of Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 2nd. Morgan Stanley cut their price target on Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Finally, Barclays raised their price objective on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.27.

Sysco Trading Down 0.5 %

Shares of SYY opened at $78.60 on Friday. The company has a debt-to-equity ratio of 6.19, a quick ratio of 0.69 and a current ratio of 1.20. Sysco Co. has a 52-week low of $62.24 and a 52-week high of $82.89. The firm has a market cap of $38.63 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.05 and a beta of 1.20. The business’s fifty day moving average is $74.61 and its 200-day moving average is $75.84.

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

Sysco Announces Dividend

The business 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 of this dividend is Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.60%. Sysco’s dividend payout ratio is currently 49.76%.

About Sysco

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.