Bryce Point Capital LLC purchased a new stake in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,439 shares of the company's stock, valued at approximately $798,000.
A number of other hedge funds have also bought and sold shares of the business. Meeder Advisory Services Inc. boosted its holdings in Sysco by 22.9% in the 4th quarter. Meeder Advisory Services Inc. now owns 11,725 shares of the company's stock valued at $896,000 after purchasing an additional 2,181 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sysco by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company's stock valued at $905,120,000 after buying an additional 233,885 shares during the period. Nemes Rush Group LLC grew its position in Sysco by 5.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,631 shares of the company's stock worth $201,000 after buying an additional 147 shares in the last quarter. Tradewinds LLC. increased its stake in Sysco by 6.7% during the 4th quarter. Tradewinds LLC. now owns 4,405 shares of the company's stock worth $311,000 after acquiring an additional 276 shares during the period. Finally, HighPoint Advisor Group LLC raised its holdings in Sysco by 2.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 10,096 shares of the company's stock valued at $712,000 after acquiring an additional 210 shares in the last quarter. 83.41% of the stock is owned by institutional investors.
Sysco Trading Down 5.3 %
Shares of NYSE:SYY traded down $4.00 during midday trading on Friday, hitting $71.41. 5,117,172 shares of the stock were exchanged, compared to its average volume of 3,289,802. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.23. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The stock has a market capitalization of $34.94 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.88 and a beta of 1.11. The business's 50-day moving average price is $73.07 and its 200 day moving average price is $75.06.
Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the previous year, the business earned $0.89 earnings per share. Analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.
Sysco Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's payout ratio is 52.44%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on SYY shares. Jefferies Financial Group raised their price target on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Wells Fargo & Company increased their price objective on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Guggenheim reaffirmed a "buy" rating and set a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. Finally, Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Sysco presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.77.
Read Our Latest Stock Analysis on SYY
About Sysco
(
Free Report)
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.
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