SYSCO Co. (NYSE:SYY) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in SYSCO Co. (NYSE:SYY) by 243,488.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,410 shares of the company’s stock after purchasing an additional 41,393 shares during the period. Meeder Asset Management Inc.’s holdings in SYSCO were worth $2,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. 6 Meridian increased its holdings in SYSCO by 1.8% during the 2nd quarter. 6 Meridian now owns 7,760 shares of the company’s stock valued at $549,000 after acquiring an additional 140 shares in the last quarter. Security National Trust Co. increased its holdings in SYSCO by 6.4% during the 1st quarter. Security National Trust Co. now owns 2,500 shares of the company’s stock valued at $167,000 after acquiring an additional 150 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in SYSCO by 3.4% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,623 shares of the company’s stock valued at $327,000 after acquiring an additional 150 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in SYSCO by 27.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 733 shares of the company’s stock valued at $52,000 after acquiring an additional 156 shares in the last quarter. Finally, Cable Hill Partners LLC increased its holdings in SYSCO by 11.8% during the 1st quarter. Cable Hill Partners LLC now owns 1,520 shares of the company’s stock valued at $101,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

Several equities analysts have weighed in on the stock. Barclays raised their target price on shares of SYSCO from $70.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price target on shares of SYSCO from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Zacks Investment Research downgraded shares of SYSCO from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a report on Tuesday, June 11th. ValuEngine upgraded shares of SYSCO from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th. Finally, Morgan Stanley lifted their price target on shares of SYSCO from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $73.60.

Shares of NYSE SYY traded up $0.04 during midday trading on Tuesday, reaching $73.64. 23,505 shares of the stock were exchanged, compared to its average volume of 3,522,765. The company has a market capitalization of $37.50 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.02 and a beta of 0.52. SYSCO Co. has a 52-week low of $59.44 and a 52-week high of $75.98. The company has a current ratio of 1.33, a quick ratio of 0.81 and a debt-to-equity ratio of 3.25. The stock has a 50 day moving average price of $71.11 and a 200-day moving average price of $69.72.

SYSCO (NYSE:SYY) last issued its quarterly earnings results on Monday, August 12th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The business had revenue of $15.47 billion during the quarter, compared to the consensus estimate of $15.65 billion. SYSCO had a net margin of 2.79% and a return on equity of 76.80%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. On average, analysts forecast that SYSCO Co. will post 3.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.12%. SYSCO’s payout ratio is 43.94%.

SYSCO Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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