Marshall Wace LLP Acquires New Shares in Sysco Co. (NYSE:SYY)

Marshall Wace LLP bought a new position in shares of Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,428 shares of the company's stock, valued at approximately $2,021,000.

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

Sysco Stock Down 2.3 %

Shares of NYSE:SYY opened at $70.86 on Monday. The company has a market capitalization of $34.67 billion, a PE ratio of 18.22, a P/E/G ratio of 1.88 and a beta of 0.91. Sysco Co. has a 52 week low of $67.12 and a 52 week high of $82.23. 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 company's fifty day moving average is $72.80 and its 200-day moving average is $74.44.

Sysco (NYSE:SYY - Get Free Report) last announced 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 period in the prior year, the company posted $0.89 EPS. Equities research analysts predict that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, July 3rd. This is a boost from Sysco's previous quarterly dividend of $0.51. Sysco's dividend payout ratio (DPR) is presently 55.53%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SYY shares. Wells Fargo & Company lifted their price objective on Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Morgan Stanley cut their price target on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Barclays upped their target price on shares of Sysco from $85.00 to $87.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Truist Financial decreased their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.07.

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.

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