2 weeks Ago By ABMN Staff
Sysco ( NYSE:SYY – Free Report ) had its price objective boosted by Barclays from $85.00 to $87.00 in a report issued on Tuesday morning, Benzinga reports.
Barclays currently has an overweight rating on the stock. Several other research firms have also issued reports on SYY. JPMorgan Chase & Co.
dropped their price target on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th.
Guggenheim reissued a “buy” rating and set a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Sysco from $79.
00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on shares of Sysco from $82.
00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, StockNews.
com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.
92. Check Out Our Latest Research Report on SYY Sysco Trading Up 2.5 % Sysco ( NYSE:SYY – Get Free Report ) last issued its quarterly earnings results on Tuesday, January 28th.
The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93.
Sysco had a net margin of 2.40% and a return on equity of 106.30%.
During the same quarter in the previous year, the business earned $0.89 EPS. As a group, research analysts predict that Sysco will post 4.
58 earnings per share for the current fiscal year. Sysco Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.
51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.
04 annualized dividend and a dividend yield of 2.78%. Sysco’s dividend payout ratio (DPR) is presently 52.
44%. Institutional Investors Weigh In On Sysco Hedge funds have recently bought and sold shares of the business. Rialto Wealth Management LLC increased its position in Sysco by 188.
7% in the 1st quarter. Rialto Wealth Management LLC now owns 332 shares of the company’s stock worth $25,000 after purchasing an additional 217 shares during the last quarter. Parvin Asset Management LLC bought a new position in Sysco in the 4th quarter worth $29,000.
Stonebridge Financial Group LLC bought a new stake in Sysco during the fourth quarter valued at about $31,000. Sherman Asset Management Inc. acquired a new position in shares of Sysco during the 4th quarter worth about $31,000.
Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Sysco in the fourth quarter worth $31,000. 83.41% of the stock is owned by hedge funds and other institutional investors.
Sysco Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter .
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