Rathbones Group PLC Has $7.09 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Rathbones Group PLC trimmed its position in Sysco Co. (NYSE:SYY - Free Report) by 31.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,680 shares of the company's stock after selling 43,261 shares during the quarter. Rathbones Group PLC's holdings in Sysco were worth $7,086,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in shares of Sysco in the 4th quarter valued at $31,000. Sherman Asset Management Inc. acquired a new position in Sysco during the fourth quarter worth about $31,000. Flagship Wealth Advisors LLC bought a new position in shares of Sysco in the fourth quarter worth about $31,000. SRS Capital Advisors Inc. boosted its stake in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after purchasing an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after purchasing an additional 321 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Barclays dropped their target price on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Melius assumed coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.77.

Remove Ads

Sysco Trading Up 1.0 %

Shares of SYY traded up $0.71 during trading hours on Friday, hitting $70.39. 2,453,247 shares of the stock were exchanged, compared to its average volume of 3,331,247. Sysco Co. has a fifty-two week low of $67.12 and a fifty-two week high of $82.23. The business has a 50-day moving average of $72.61 and a 200-day moving average of $74.74. The firm has a market capitalization of $34.44 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. 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 (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the company posted $0.89 earnings per share. On average, research analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed 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. This represents a $2.04 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is 52.44%.

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.