ORG Partners LLC Acquires 6,855 Shares of Sysco Co. (NYSE:SYY)

ORG Partners LLC raised its position in Sysco Co. (NYSE:SYY) by 3,159.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,072 shares of the company’s stock after acquiring an additional 6,855 shares during the quarter. ORG Partners LLC’s holdings in Sysco were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SYY. V Square Quantitative Management LLC lifted its stake in shares of Sysco by 8.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 5,019 shares of the company’s stock worth $358,000 after acquiring an additional 391 shares during the last quarter. Wedmont Private Capital raised its position in Sysco by 39.1% during the 2nd quarter. Wedmont Private Capital now owns 6,429 shares of the company’s stock valued at $464,000 after purchasing an additional 1,807 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Sysco by 11.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,183 shares of the company’s stock worth $370,000 after buying an additional 541 shares during the last quarter. Park National Corp OH grew its position in shares of Sysco by 27.7% in the 2nd quarter. Park National Corp OH now owns 21,093 shares of the company’s stock worth $1,506,000 after buying an additional 4,575 shares during the last quarter. Finally, Aspire Private Capital LLC raised its stake in shares of Sysco by 3.2% during the 2nd quarter. Aspire Private Capital LLC now owns 10,120 shares of the company’s stock worth $722,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 1.1 %

Shares of Sysco stock traded down $0.80 on Thursday, hitting $75.21. 565,036 shares of the company’s stock traded hands, compared to its average volume of 3,107,575. The firm’s 50-day moving average is $72.94 and its 200 day moving average is $76.10. Sysco Co. has a 52-week low of $62.24 and a 52-week high of $82.89. The stock has a market cap of $37.45 billion, a P/E ratio of 18.54, a PEG ratio of 1.97 and a beta of 1.18. 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 posted its earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $20.56 billion for the quarter, compared to analysts’ expectations of $20.51 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Equities analysts anticipate that Sysco Co. will post 4.6 earnings per share for the current year.

Wall Street Analyst Weigh In

SYY has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Friday, August 9th. BMO Capital Markets cut their price objective on shares of Sysco from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sysco from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, Guggenheim upgraded shares of Sysco from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and ten have given a 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 price target of $85.27.

About Sysco

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.