A number of other research analysts have also commented on the stock. Credit Suisse Group decreased their price target on shares of Sysco from $107.00 to $100.00 and set an outperform rating on the stock in a research note on Wednesday, August 10th. JPMorgan Chase & Co. upgraded shares of Sysco from a neutral rating to an overweight rating and set a $98.00 price target on the stock in a research note on Thursday, May 26th. Barclays decreased their price target on shares of Sysco to $100.00 in a research note on Monday, August 15th. StockNews.com upgraded shares of Sysco from a buy rating to a strong-buy rating in a research note on Thursday, July 14th. Finally, Truist Financial decreased their price target on shares of Sysco from $98.00 to $92.00 and set a buy rating on the stock in a research note on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sysco has a consensus rating of Moderate Buy and a consensus target price of $94.13.
Sysco Stock Down 1.4 %
Sysco stock opened at $77.38 on Thursday. The firm has a market capitalization of $39.16 billion, a PE ratio of 29.31, a P/E/G ratio of 2.10 and a beta of 1.01. The company’s 50-day moving average is $83.98 and its 200-day moving average is $83.51. Sysco has a fifty-two week low of $68.05 and a fifty-two week high of $91.53. The company has a debt-to-equity ratio of 7.28, a current ratio of 1.20 and a quick ratio of 0.69.
Sysco Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 7th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, October 6th. Sysco’s dividend payout ratio (DPR) is presently 74.24%.
Institutional Trading of Sysco
Institutional investors and hedge funds have recently made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Sysco during the 2nd quarter worth approximately $26,000. Charter Oak Capital Management LLC bought a new stake in shares of Sysco during the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Sysco during the 1st quarter worth approximately $29,000. DeDora Capital Inc. acquired a new position in Sysco during the 1st quarter worth approximately $31,000. Finally, Column Capital Advisors LLC increased its position in Sysco by 4,900.0% during the 1st quarter. Column Capital Advisors LLC now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 82.43% of the company’s stock.
Sysco Company Profile
Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily 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.
- Get a free copy of the StockNews.com research report on Sysco (SYY)
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