Sysco Co. (NYSE:SYY) Shares Sold by Bank of New Hampshire (2024)

Posted by Defense World Staff on Jun 22nd, 2024

Bank of New Hampshire reduced its position in Sysco Co. (NYSE:SYY – Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,685 shares of the company’s stock after selling 172 shares during the quarter. Bank of New Hampshire’s holdings in Sysco were worth $299,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC increased its position in Sysco by 1.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,150 shares of the company’s stock worth $536,000 after purchasing an additional 124 shares in the last quarter. Hunter Associates Investment Management LLC boosted its holdings in Sysco by 1.5% in the 4th quarter. Hunter Associates Investment Management LLC now owns 8,275 shares of the company’s stock worth $606,000 after acquiring an additional 125 shares during the period. Bell Investment Advisors Inc boosted its holdings in Sysco by 8.2% in the 4th quarter. Bell Investment Advisors Inc now owns 1,722 shares of the company’s stock worth $126,000 after acquiring an additional 131 shares during the period. Beacon Investment Advisors LLC boosted its holdings in Sysco by 0.5% in the 4th quarter. Beacon Investment Advisors LLC now owns 24,680 shares of the company’s stock worth $1,805,000 after acquiring an additional 133 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its holdings in Sysco by 6.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company’s stock worth $165,000 after acquiring an additional 135 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SYY has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Sysco from $84.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, May 23rd. Truist Financial decreased their price target on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Guggenheim upgraded Sysco from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, May 28th. UBS Group reduced their target price on Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. reduced their target price on Sysco from $87.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average price target of $85.10.

View Our Latest Analysis on Sysco

Sysco Price Performance

Shares of NYSE SYY opened at $73.35 on Friday. Sysco Co. has a 1-year low of $62.24 and a 1-year high of $82.89. The company has a debt-to-equity ratio of 5.77, a current ratio of 1.34 and a quick ratio of 0.77. The business’s fifty day moving average price is $74.22 and its two-hundred day moving average price is $76.40. The firm has a market capitalization of $36.53 billion, a PE ratio of 17.89, a P/E/G ratio of 2.09 and a beta of 1.17.

Sysco (NYSE:SYY – Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The firm had revenue of $19.38 billion for the quarter, compared to analyst estimates of $19.74 billion. Sysco had a return on equity of 99.88% and a net margin of 2.66%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. On average, research analysts expect that Sysco Co. will post 4.3 EPS for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.78%. This is a positive change from Sysco’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, July 5th. Sysco’s dividend payout ratio (DPR) is 48.78%.

Sysco Profile

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