Boston Partners Purchases 7,184,754 Shares of Sysco Co. (NYSE:SYY)

Boston Partners grew its position in Sysco Co. (NYSE:SYY - Free Report) by 143.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,184,114 shares of the company's stock after purchasing an additional 7,184,754 shares during the quarter. Sysco makes up approximately 1.1% of Boston Partners' portfolio, making the stock its 12th largest holding. Boston Partners owned 2.49% of Sysco worth $930,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in Sysco during the fourth quarter worth $31,000. Flagship Wealth Advisors LLC acquired a new stake in Sysco during the fourth quarter worth $31,000. Sherman Asset Management Inc. acquired a new stake in shares of Sysco in the 4th quarter valued at $31,000. SRS Capital Advisors Inc. boosted its stake in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after purchasing an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Sysco by 107.4% in the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Insider Transactions at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

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Sysco Price Performance

NYSE:SYY traded down $0.08 during trading hours on Friday, hitting $71.12. The company's stock had a trading volume of 4,897,434 shares, compared to its average volume of 3,132,548. The stock has a fifty day simple moving average of $73.10 and a 200-day simple moving average of $75.36. The company has a market capitalization of $34.79 billion, a P/E ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.11. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter last year, the business earned $0.89 EPS. On average, analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's payout ratio is 52.44%.

Analysts Set New Price Targets

SYY has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Guggenheim restated a "buy" rating and issued a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Morgan Stanley reduced their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group lifted their price target on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.