NEOS Investment Management LLC Buys 7,364 Shares of Sysco Co. (NYSE:SYY)

NEOS Investment Management LLC lifted its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,867 shares of the company's stock after purchasing an additional 7,364 shares during the quarter. NEOS Investment Management LLC's holdings in Sysco were worth $2,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC increased its holdings in shares of Sysco by 10.0% in the third quarter. Townsquare Capital LLC now owns 18,758 shares of the company's stock worth $1,464,000 after acquiring an additional 1,706 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sysco by 17.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,918,365 shares of the company's stock valued at $305,868,000 after purchasing an additional 569,058 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of Sysco by 5.0% during the third quarter. Financial Counselors Inc. now owns 10,794 shares of the company's stock worth $843,000 after buying an additional 516 shares during the period. Vinva Investment Management Ltd grew its holdings in shares of Sysco by 13.7% during the third quarter. Vinva Investment Management Ltd now owns 23,133 shares of the company's stock worth $1,797,000 after buying an additional 2,782 shares in the last quarter. Finally, Isthmus Partners LLC grew its holdings in shares of Sysco by 2.4% during the third quarter. Isthmus Partners LLC now owns 151,405 shares of the company's stock worth $11,819,000 after buying an additional 3,615 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

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Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the sale, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

Sysco Stock Performance

NYSE:SYY traded down $0.22 during mid-day trading on Wednesday, hitting $75.20. 741,330 shares of the stock were exchanged, compared to its average volume of 3,268,855. The firm's 50-day simple moving average is $73.07 and its 200 day simple moving average is $75.10. The stock has a market capitalization of $36.79 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two 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.

Sysco (NYSE:SYY - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (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 firm earned $0.89 earnings per share. As a group, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley reduced their price target on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Melius started coverage on shares of Sysco in a report on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price for the company. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Melius Research upgraded shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company raised 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. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Sysco presently has an average rating of "Moderate Buy" and an average target price 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.