Mondrian Investment Partners LTD Purchases New Position in Sysco Co. (NYSE:SYY)

Mondrian Investment Partners LTD bought a new stake in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,699,504 shares of the company's stock, valued at approximately $123,928,000. Sysco accounts for about 2.1% of Mondrian Investment Partners LTD's holdings, making the stock its 22nd biggest position. Mondrian Investment Partners LTD owned 0.35% of Sysco as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Sysco by 11.1% in the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company's stock valued at $2,130,617,000 after buying an additional 2,721,449 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Sysco in the third quarter worth about $137,900,000. Raymond James Financial Inc. acquired a new stake in shares of Sysco during the fourth quarter worth about $97,078,000. Nordea Investment Management AB lifted its holdings in shares of Sysco by 52.3% during the 4th quarter. Nordea Investment Management AB now owns 2,719,478 shares of the company's stock valued at $208,666,000 after purchasing an additional 933,327 shares in the last quarter. Finally, Amundi grew its position in shares of Sysco by 42.2% in the 4th quarter. Amundi now owns 2,730,010 shares of the company's stock valued at $204,341,000 after purchasing an additional 809,582 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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Sysco Stock Down 0.6 %

Shares of Sysco stock traded down $0.48 on Tuesday, reaching $74.25. 1,950,625 shares of the company were exchanged, compared to its average volume of 3,097,761. The company has a market capitalization of $36.33 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.88 and a beta of 1.11. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a one year low of $69.03 and a one year high of $82.33. The company has a 50-day moving average of $73.28 and a 200 day moving average of $75.49.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the company earned $0.89 earnings per share. On average, equities research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Insider Buying and Selling at Sysco

In related 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 transaction, the executive vice president now directly owns 56,304 shares of the company's stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price target on the stock. Wells Fargo & Company upped their target price on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price objective on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, Morgan Stanley dropped their target price on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.77.

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.