Sysco Co. (NYSE:SYY) Stock Holdings Lifted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its position in Sysco Co. (NYSE:SYY) by 26.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,968 shares of the company’s stock after acquiring an additional 1,042 shares during the period. Epoch Investment Partners Inc.’s holdings in Sysco were worth $403,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of Sysco in the first quarter worth approximately $45,000. Truvestments Capital LLC increased its position in shares of Sysco by 140.3% in the first quarter. Truvestments Capital LLC now owns 930 shares of the company’s stock worth $76,000 after acquiring an additional 543 shares in the last quarter. Stonebridge Capital Advisors LLC increased its position in shares of Sysco by 1.4% in the first quarter. Stonebridge Capital Advisors LLC now owns 39,357 shares of the company’s stock worth $3,195,000 after acquiring an additional 527 shares in the last quarter. Capital World Investors increased its position in shares of Sysco by 17.5% in the first quarter. Capital World Investors now owns 10,984,950 shares of the company’s stock worth $891,758,000 after acquiring an additional 1,637,232 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Sysco by 112.8% during the first quarter. Capital Research Global Investors now owns 6,612,092 shares of the company’s stock worth $536,770,000 after purchasing an additional 3,504,740 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial decreased their price target on shares of Sysco from $87.00 to $85.00 and set a “buy” rating for the company in a report on Monday, June 24th. JPMorgan Chase & Co. decreased their price target on shares of Sysco from $87.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Piper Sandler decreased their price target on shares of Sysco from $83.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Bank of America decreased their price target 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. Finally, Morgan Stanley reduced 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 note on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.00.

Sysco Stock Performance

Shares of Sysco stock traded up $0.73 on Friday, reaching $72.85. The stock had a trading volume of 3,196,592 shares, compared to its average volume of 2,946,025. The business’s 50-day moving average price is $72.27 and its two-hundred day moving average price is $76.08. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.77 and a current ratio of 1.34. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The stock has a market cap of $36.28 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.18.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping 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 business had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same period in the previous year, the company earned $0.90 earnings per share. Sysco’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Sysco Co. will post 4.3 EPS for the current 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.