Sysco Co. (NYSE:SYY) Stock Holdings Increased by Caxton Associates LP

Caxton Associates LP increased its position in shares of Sysco Co. (NYSE:SYY) by 12.9% during the first quarter, Holdings Channel reports. The fund owned 18,809 shares of the company’s stock after acquiring an additional 2,143 shares during the quarter. Caxton Associates LP’s holdings in Sysco were worth $1,527,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Chicago Partners Investment Group LLC raised its holdings in shares of Sysco by 1.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,150 shares of the company’s stock valued at $536,000 after acquiring an additional 124 shares during the period. Hunter Associates Investment Management LLC increased its stake in Sysco by 1.5% in the 4th quarter. Hunter Associates Investment Management LLC now owns 8,275 shares of the company’s stock valued at $606,000 after buying an additional 125 shares during the period. Bell Investment Advisors Inc increased its stake in Sysco by 8.2% in the 4th quarter. Bell Investment Advisors Inc now owns 1,722 shares of the company’s stock valued at $126,000 after buying an additional 131 shares during the period. Beacon Investment Advisors LLC increased its stake in Sysco by 0.5% in the 4th quarter. Beacon Investment Advisors LLC now owns 24,680 shares of the company’s stock valued at $1,805,000 after buying an additional 133 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in Sysco by 6.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company’s stock valued at $165,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analysts Set New Price Targets

SYY has been the subject of several recent research reports. Truist Financial decreased their target price on shares of Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, June 24th. UBS Group decreased their price objective on shares of Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Morgan Stanley decreased their price objective on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Bank of America decreased their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.00.

Sysco Price Performance

Shares of SYY stock traded up $3.07 during mid-day trading on Tuesday, reaching $76.33. The company’s stock had a trading volume of 3,151,908 shares, compared to its average volume of 3,097,361. Sysco Co. has a 1-year low of $62.24 and a 1-year high of $82.89. The company has a market cap of $38.01 billion, a P/E ratio of 17.87, a PEG ratio of 1.96 and a beta of 1.18. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.77 and a current ratio of 1.34. The firm’s 50-day moving average is $72.24 and its two-hundred day moving average is $76.07.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Sysco had a net margin of 2.66% and a return on equity of 99.88%. The company had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter in the prior year, the company posted $0.90 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Sysco Co. will post 4.3 earnings per share for the current year.

Sysco 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.