Groupama Asset Managment Reduces Stock Position in Sysco Co. (NYSE:SYY)

Groupama Asset Managment lessened its holdings in Sysco Co. (NYSE:SYY - Free Report) by 91.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,856 shares of the company's stock after selling 29,093 shares during the period. Groupama Asset Managment's holdings in Sysco were worth $218,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in Sysco by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company's stock worth $905,120,000 after purchasing an additional 233,885 shares in the last quarter. Nemes Rush Group LLC grew its holdings in shares of Sysco by 5.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,631 shares of the company's stock valued at $201,000 after acquiring an additional 147 shares in the last quarter. Tradewinds LLC. increased its position in shares of Sysco by 6.7% during the fourth quarter. Tradewinds LLC. now owns 4,405 shares of the company's stock valued at $311,000 after acquiring an additional 276 shares during the last quarter. HighPoint Advisor Group LLC boosted its position in Sysco by 2.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,096 shares of the company's stock worth $712,000 after purchasing an additional 210 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Sysco by 12.5% in the 4th quarter. Franklin Resources Inc. now owns 643,784 shares of the company's stock valued at $49,224,000 after purchasing an additional 71,626 shares during the period. Institutional investors own 83.41% of the company's stock.

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Sysco Price Performance

Shares of NYSE SYY traded up $3.13 during mid-day trading on Wednesday, reaching $71.13. 5,272,862 shares of the company were exchanged, compared to its average volume of 3,315,434. Sysco Co. has a 52 week low of $67.12 and a 52 week high of $82.23. The company's 50 day moving average price is $72.68 and its 200 day moving average price is $74.85. The stock has a market capitalization of $34.80 billion, a PE ratio of 18.29, a PEG 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 posted its quarterly earnings data 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 in the previous year, the company posted $0.89 earnings per share. Sell-side analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have issued reports on SYY shares. Melius assumed coverage on Sysco in a research report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price for the company. Jefferies Financial Group lifted their price target on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Melius Research upgraded Sysco to a "hold" rating in a research report on Wednesday, December 18th. Finally, Guggenheim restated a "buy" rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Sysco currently has a consensus 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.