Capital International Inc. CA Grows Stock Holdings in Sysco Co. (NYSE:SYY)

Capital International Inc. CA boosted its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,071 shares of the company's stock after purchasing an additional 7,551 shares during the period. Capital International Inc. CA's holdings in Sysco were worth $4,287,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the fourth quarter worth about $31,000. Sherman Asset Management Inc. acquired a new position in shares of Sysco during the 4th quarter worth about $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Sysco in the fourth quarter worth approximately $31,000. SRS Capital Advisors Inc. boosted its stake in Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after purchasing an additional 149 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its holdings in 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 acquiring an additional 321 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Sanford C. Bernstein set a $87.00 target price on Sysco and gave the stock an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Morgan Stanley decreased their target price on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Guggenheim reiterated a "buy" rating and set a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Finally, Barclays boosted their price objective on Sysco from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.07.

Sysco Stock Performance

SYY stock traded down $1.68 during trading on Friday, hitting $70.86. The company had a trading volume of 3,719,469 shares, compared to its average volume of 3,639,232. The firm has a 50-day moving average price of $72.78 and a 200-day moving average price of $74.47. Sysco Co. has a 1-year low of $67.12 and a 1-year high of $82.23. The firm has a market cap of $34.67 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the company posted $0.89 EPS. On average, analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a $0.54 dividend. This is a boost from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, July 3rd. Sysco's dividend payout ratio (DPR) is currently 52.44%.

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.