FIL Ltd Has $117.37 Million Stake in Sysco Co. (NYSE:SYY)

FIL Ltd lifted its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,535,042 shares of the company's stock after buying an additional 326,852 shares during the quarter. FIL Ltd owned about 0.31% of Sysco worth $117,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SYY. Vanguard Group Inc. grew its holdings in Sysco by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 61,519,424 shares of the company's stock worth $4,703,775,000 after acquiring an additional 429,711 shares during the period. Invesco Ltd. grew its stake in shares of Sysco by 5.3% during the fourth quarter. Invesco Ltd. now owns 16,907,541 shares of the company's stock worth $1,292,751,000 after purchasing an additional 851,441 shares during the period. Boston Partners increased its holdings in Sysco by 143.7% in the fourth quarter. Boston Partners now owns 12,184,114 shares of the company's stock valued at $930,296,000 after purchasing an additional 7,184,754 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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. Finally, FMR LLC boosted its holdings in Sysco by 0.8% during the fourth quarter. FMR LLC now owns 7,590,141 shares of the company's stock worth $580,342,000 after buying an additional 60,059 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

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Sysco Stock Up 2.0 %

Shares of NYSE:SYY traded up $1.42 during midday trading on Monday, reaching $71.85. The company had a trading volume of 398,570 shares, compared to its average volume of 3,319,828. Sysco Co. has a 1-year low of $67.12 and a 1-year high of $82.23. The stock has a market cap of $35.15 billion, a PE ratio of 18.47, a P/E/G 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. The business's 50 day moving average price is $72.61 and its 200 day moving average price is $74.74.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 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 prior year, the company earned $0.89 EPS. Research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal 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 paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Analysts Set New Price Targets

SYY has been the topic of a number of analyst reports. StockNews.com downgraded 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 issued a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price objective for the company. Finally, UBS Group reduced their target price on Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Sysco has an average rating of "Moderate Buy" and an average target price of $84.77.

About Sysco

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.