Guardian Wealth Advisors LLC Lowers Stock Holdings in Sysco Co. (NYSE:SYY)

Guardian Wealth Advisors LLC trimmed its stake in shares of Sysco Co. (NYSE:SYY) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,596 shares of the company’s stock after selling 214 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Sysco were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Chicago Partners Investment Group LLC raised its position in shares of Sysco by 1.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,150 shares of the company’s stock valued at $536,000 after purchasing an additional 124 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Sysco by 8.2% in the 4th quarter. Bell Investment Advisors Inc now owns 1,722 shares of the company’s stock worth $126,000 after purchasing an additional 131 shares during the last quarter. Beacon Investment Advisors LLC raised its stake in shares of Sysco by 0.5% in the 4th quarter. Beacon Investment Advisors LLC now owns 24,680 shares of the company’s stock valued at $1,805,000 after purchasing an additional 133 shares in the last quarter. Plimoth Trust Co. LLC lifted its position in shares of Sysco by 0.6% during the second quarter. Plimoth Trust Co. LLC now owns 22,547 shares of the company’s stock worth $1,610,000 after purchasing an additional 139 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its holdings 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 buying an additional 141 shares during the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Price Performance

SYY stock opened at $76.52 on Friday. Sysco Co. has a one year low of $62.24 and a one year high of $82.89. The firm has a 50-day moving average of $75.34 and a two-hundred day moving average of $75.74. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 6.19. The firm has a market capitalization of $37.61 billion, a PE ratio of 18.66, a P/E/G ratio of 1.99 and a beta of 1.20.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $20.56 billion during the quarter, compared to analyst estimates of $20.51 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. On average, analysts forecast that Sysco Co. will post 4.6 earnings per share for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, October 4th. Sysco’s dividend payout ratio (DPR) is currently 49.76%.

Wall Street Analyst Weigh In

SYY has been the topic of a number of research analyst reports. Guggenheim raised Sysco from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, May 28th. StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, September 2nd. JPMorgan Chase & Co. reduced their price target on shares of Sysco from $87.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. BMO Capital Markets lowered 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Sysco from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Two investment 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 stock. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.27.

Sysco 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.