Whittier Trust Co. Purchases 1,659 Shares of Sysco Co. (NYSE:SYY)

Whittier Trust Co. increased its position in shares of Sysco Co. (NYSE:SYY) by 19.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,191 shares of the company’s stock after buying an additional 1,659 shares during the period. Whittier Trust Co.’s holdings in Sysco were worth $796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Plimoth Trust Co. LLC lifted its position in shares of Sysco by 0.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock valued at $1,610,000 after acquiring an additional 139 shares during the period. Meeder Advisory Services Inc. raised its holdings in shares of Sysco by 1.7% during the first quarter. Meeder Advisory Services Inc. now owns 8,362 shares of the company’s stock valued at $679,000 after purchasing an additional 141 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Sysco by 3.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after purchasing an additional 146 shares in the last quarter. NorthRock Partners LLC grew its stake in shares of Sysco by 3.7% in the 1st quarter. NorthRock Partners LLC now owns 4,121 shares of the company’s stock valued at $335,000 after buying an additional 147 shares during the period. Finally, Winthrop Advisory Group LLC increased its position in Sysco by 3.7% in the 1st quarter. Winthrop Advisory Group LLC now owns 4,120 shares of the company’s stock valued at $334,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

SYY stock opened at $74.63 on Thursday. The business has a 50 day moving average of $76.51 and a 200-day moving average of $74.82. The firm has a market cap of $37.16 billion, a PE ratio of 18.20, a P/E/G ratio of 1.97 and a beta of 1.20. Sysco Co. has a 12-month low of $64.28 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.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm had revenue of $20.56 billion during the quarter, compared to analyst estimates of $20.51 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.34 EPS. As a group, sell-side analysts expect that Sysco Co. will post 4.6 earnings per share for the current year.

Sysco Dividend Announcement

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 paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, October 4th. Sysco’s payout ratio is 49.76%.

Wall Street Analyst Weigh In

SYY has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Morgan Stanley decreased their price target on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Jefferies Financial Group raised their price objective on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Bank of America lowered their target price on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.08.

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.