Sysco Co. (NYSE:SYY) Shares Bought by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in shares of Sysco Co. (NYSE:SYY) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,228 shares of the company’s stock after acquiring an additional 5,254 shares during the quarter. Sysco makes up 1.6% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 20th biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Sysco were worth $20,626,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Plimoth Trust Co. LLC lifted its position in shares of Sysco by 0.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock worth $1,610,000 after buying an additional 139 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in Sysco by 1.7% in the first quarter. Meeder Advisory Services Inc. now owns 8,362 shares of the company’s stock valued at $679,000 after acquiring an additional 141 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock valued at $383,000 after acquiring an additional 146 shares in the last quarter. NorthRock Partners LLC increased its position in shares of Sysco by 3.7% during the first quarter. NorthRock Partners LLC now owns 4,121 shares of the company’s stock worth $335,000 after purchasing an additional 147 shares in the last quarter. Finally, Winthrop Advisory Group LLC lifted its holdings in shares of Sysco by 3.7% in the 1st quarter. Winthrop Advisory Group LLC now owns 4,120 shares of the company’s stock valued at $334,000 after purchasing an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of SYY opened at $75.54 on Friday. Sysco Co. has a 1 year low of $64.28 and a 1 year high of $82.89. The company’s 50 day simple moving average is $76.55 and its 200 day simple moving average is $74.89. The company has a market capitalization of $37.62 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.96 and a beta of 1.20. The company has a debt-to-equity ratio of 6.19, a quick ratio of 0.69 and a current ratio of 1.20.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $20.51 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts predict that Sysco Co. will post 4.6 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, October 4th. Sysco’s payout ratio is 49.76%.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays lifted their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Jefferies Financial Group boosted their price objective on shares of Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley cut their target price on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.08.

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.