Kiltearn Partners LLP Has $14.06 Million Holdings in Sysco Co. (NYSE:SYY)

Kiltearn Partners LLP decreased its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,900 shares of the company's stock after selling 19,600 shares during the quarter. Sysco comprises approximately 2.3% of Kiltearn Partners LLP's investment portfolio, making the stock its 19th biggest holding. Kiltearn Partners LLP's holdings in Sysco were worth $14,061,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in shares of Sysco during the fourth quarter worth about $31,000. Sherman Asset Management Inc. acquired a new stake in Sysco during the 4th quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new position in Sysco in the fourth quarter valued at approximately $31,000. SRS Capital Advisors Inc. boosted its holdings in shares of Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after buying an additional 149 shares during the period. Finally, HHM Wealth Advisors LLC increased its position in shares of Sysco by 107.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock worth $47,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group increased their price objective on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. 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. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target for the company. Finally, UBS Group cut their price objective on shares of Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.77.

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Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company's stock.

Sysco Stock Performance

Sysco stock traded up $0.11 during midday trading on Tuesday, reaching $75.15. 480,557 shares of the company's stock were exchanged, compared to its average volume of 3,622,886. 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's 50-day simple moving average is $73.03 and its 200 day simple moving average is $75.11. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 quarter in the prior year, the company posted $0.89 earnings per share. On average, analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, April 4th. Sysco's payout ratio is 52.44%.

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.