Longview Partners Guernsey LTD Trims Position in Sysco Co. (NYSE:SYY)

Longview Partners Guernsey LTD cut its position in Sysco Co. (NYSE:SYY - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,294,484 shares of the company's stock after selling 265,335 shares during the period. Sysco comprises 3.6% of Longview Partners Guernsey LTD's portfolio, making the stock its 18th largest holding. Longview Partners Guernsey LTD owned approximately 1.29% of Sysco worth $481,276,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

SYY has been the subject of several recent research reports. Barclays dropped their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Morgan Stanley cut their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Guggenheim reaffirmed a "buy" rating and set a $85.00 target price on shares of Sysco in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, UBS Group lowered their target price on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.77.

Sysco Stock Down 0.9 %

Shares of SYY stock traded down $0.68 during mid-day trading on Monday, hitting $71.06. 1,527,356 shares of the stock traded hands, compared to its average volume of 3,333,144. The stock's fifty day moving average is $72.67 and its two-hundred day moving average is $74.53. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 52-week low of $67.12 and a 52-week high of $82.23. The stock has a market cap of $34.76 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 last year, the company earned $0.89 EPS. Equities analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a $0.51 dividend. The ex-dividend date 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 is currently 52.44%.

Sysco 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.