OneDigital Investment Advisors LLC raised its position in Sysco Co. (NYSE:SYY - Free Report) by 38.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,623 shares of the company's stock after purchasing an additional 8,264 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Sysco were worth $2,265,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in SYY. Vanguard Group Inc. lifted its holdings in Sysco by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 61,519,424 shares of the company's stock valued at $4,703,775,000 after acquiring an additional 429,711 shares during the last quarter. Invesco Ltd. raised its position in Sysco by 5.3% in the fourth quarter. Invesco Ltd. now owns 16,907,541 shares of the company's stock valued at $1,292,751,000 after purchasing an additional 851,441 shares during the period. Boston Partners lifted its stake in shares of Sysco by 143.7% in the 4th quarter. Boston Partners now owns 12,184,114 shares of the company's stock valued at $930,296,000 after purchasing an additional 7,184,754 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Sysco by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company's stock worth $905,120,000 after purchasing an additional 233,885 shares during the period. Finally, Capital Research Global Investors increased its position in shares of Sysco by 27.3% during the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company's stock worth $687,488,000 after purchasing an additional 1,928,002 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on SYY. JPMorgan Chase & Co. decreased their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Guggenheim reiterated a "buy" rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Truist Financial lowered their price target on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. StockNews.com downgraded Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company raised their target price on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sysco presently has a consensus rating of "Moderate Buy" and an average target price of $84.92.
Check Out Our Latest Report on SYY
Sysco Stock Performance
Shares of Sysco stock opened at $72.87 on Thursday. The business has a 50-day simple moving average of $72.75 and a 200-day simple moving average of $74.48. 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 Co. has a one year low of $67.12 and a one year high of $82.23. The company has a market cap of $35.65 billion, a PE ratio of 18.73, a P/E/G ratio of 1.88 and a beta of 0.91.
Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data 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 prior year, the firm posted $0.89 EPS. On average, equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal 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 issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is 52.44%.
About Sysco
(
Free Report)
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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