Massmutual Trust Co. FSB ADV Buys 20,657 Shares of Sysco Co. (NYSE:SYY)

Massmutual Trust Co. FSB ADV boosted its stake in Sysco Co. (NYSE:SYY) by 210.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,483 shares of the company’s stock after acquiring an additional 20,657 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Sysco were worth $2,176,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First United Bank & Trust bought a new position in shares of Sysco during the 4th quarter worth approximately $26,000. Verity & Verity LLC bought a new position in shares of Sysco during the 1st quarter worth approximately $26,000. AdvisorNet Financial Inc boosted its holdings in shares of Sysco by 74.0% during the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company’s stock worth $27,000 after buying an additional 159 shares in the last quarter. Burkett Financial Services LLC bought a new position in shares of Sysco in the 4th quarter worth $30,000. Finally, OFI Invest Asset Management bought a new position in shares of Sysco in the 1st quarter worth $31,000. 83.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SYY. BMO Capital Markets cut their target price on Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. UBS Group cut their target price on Sysco from $92.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Guggenheim raised Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, Bank of America lowered their price target on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.27.

Sysco Stock Performance

Shares of Sysco stock traded down $2.09 during trading hours on Monday, hitting $74.62. 4,073,386 shares of the company’s stock traded hands, compared to its average volume of 3,152,218. Sysco Co. has a 12-month low of $62.24 and a 12-month high of $82.89. The stock has a market capitalization of $37.16 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.07 and a beta of 1.18. The company has a fifty day simple moving average of $72.47 and a 200-day simple moving average of $76.10. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The company had revenue of $20.56 billion during the quarter, compared to analyst estimates of $20.51 billion. During the same quarter last year, the firm posted $1.34 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Sysco Co. will post 4.59 EPS for the current fiscal year.

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.