Sysco Co. (NYSE:SYY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,868,965 shares of the company's stock after buying an additional 233,885 shares during the period. Geode Capital Management LLC owned 2.43% of Sysco worth $905,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nemes Rush Group LLC grew its holdings in shares of 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 purchasing an additional 147 shares during the last quarter. Tradewinds LLC. boosted its position in shares of Sysco by 6.7% in the 4th quarter. Tradewinds LLC. now owns 4,405 shares of the company's stock worth $311,000 after purchasing an additional 276 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in Sysco by 2.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,096 shares of the company's stock valued at $712,000 after purchasing an additional 210 shares during the last quarter. Franklin Resources Inc. lifted its stake in Sysco by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 643,784 shares of the company's stock valued at $49,224,000 after buying an additional 71,626 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in Sysco by 16.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 65,022 shares of the company's stock worth $4,972,000 after buying an additional 9,344 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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Sysco Stock Performance

SYY traded down $4.00 during trading on Friday, hitting $71.41. The company's stock had a trading volume of 5,117,172 shares, compared to its average volume of 3,290,943. The firm has a market cap of $34.94 billion, a PE ratio of 18.36, a P/E/G ratio of 1.88 and a beta of 1.11. 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 simple moving average is $73.07 and its 200-day simple moving average is $75.06. Sysco Co. has a one year low of $69.03 and a one year high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last issued 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 return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the firm posted $0.89 earnings per share. As a group, sell-side analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

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 given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.86%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio is presently 52.44%.

Wall Street Analyst Weigh In

Several brokerages have commented on SYY. Truist Financial lowered their target price on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Barclays cut their price objective on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Melius Research raised Sysco to a "hold" rating in a research report on Wednesday, December 18th. Four equities 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $84.77.

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.