B. Metzler seel. Sohn & Co. AG Raises Stock Position in Sysco Co. (NYSE:SYY)

B. Metzler seel. Sohn & Co. AG boosted its position in Sysco Co. (NYSE:SYY - Free Report) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,022 shares of the company's stock after purchasing an additional 9,344 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Sysco were worth $4,972,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC lifted its position in Sysco by 10.0% during the third quarter. Townsquare Capital LLC now owns 18,758 shares of the company's stock valued at $1,464,000 after acquiring an additional 1,706 shares during the last quarter. Captrust Financial Advisors grew its stake in Sysco by 7.7% during the 3rd quarter. Captrust Financial Advisors now owns 124,341 shares of the company's stock worth $9,706,000 after buying an additional 8,891 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Sysco during the 3rd quarter worth $5,961,000. FSA Wealth Management LLC acquired a new position in Sysco during the 3rd quarter valued at about $78,000. Finally, Atom Investors LP purchased a new stake in Sysco in the third quarter valued at about $2,726,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Performance

Sysco stock traded down $0.04 during mid-day trading on Thursday, hitting $75.27. The company had a trading volume of 5,029,569 shares, compared to its average volume of 3,288,754. The company has a market capitalization of $36.82 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.23. The company's fifty day moving average is $73.11 and its 200-day moving average is $75.10. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66.

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Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the prior year, the firm earned $0.89 EPS. Equities research analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. Sysco's payout ratio is 52.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SYY shares. StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Melius Research upgraded shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Wells Fargo & Company boosted their price objective on shares of Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, UBS Group reduced their target price on Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.77.

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.