Geller Advisors LLC Sells 800 Shares of Sysco Co. (NYSE:SYY)

Geller Advisors LLC cut its holdings in Sysco Co. (NYSE:SYY) by 17.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,726 shares of the company’s stock after selling 800 shares during the period. Geller Advisors LLC’s holdings in Sysco were worth $288,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MRP Capital Investments LLC bought a new stake in shares of Sysco in the first quarter valued at $31,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Sysco in the 1st quarter valued at about $38,000. MayTech Global Investments LLC purchased a new stake in Sysco during the fourth quarter valued at about $38,000. Barrett & Company Inc. bought a new position in Sysco during the first quarter worth about $41,000. Finally, Pin Oak Investment Advisors Inc. increased its stake in shares of Sysco by 48.0% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 740 shares of the company’s stock worth $57,000 after purchasing an additional 240 shares in the last quarter. 80.60% of the stock is currently owned by institutional investors.

Sysco Price Performance

Shares of Sysco stock opened at $69.16 on Friday. The firm has a market capitalization of $34.92 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 5.15. Sysco Co. has a 12 month low of $68.18 and a 12 month high of $87.41. The business’s 50-day moving average price is $72.83 and its 200-day moving average price is $73.86.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $19.73 billion for the quarter, compared to analysts’ expectations of $19.95 billion. Sysco had a net margin of 2.32% and a return on equity of 133.27%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $1.15 earnings per share. Sell-side analysts forecast that Sysco Co. will post 4.29 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.89%. Sysco’s dividend payout ratio is currently 57.64%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SYY. Barclays raised their price objective on shares of Sysco from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. StockNews.com started coverage on Sysco in a research note on Thursday, August 17th. They issued a “strong-buy” rating for the company. Stephens reiterated an “overweight” rating and set a $90.00 price target on shares of Sysco in a research report on Tuesday, August 1st. Truist Financial cut their price objective on shares of Sysco from $88.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, August 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $79.00 target price on shares of Sysco in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.91.

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.