Sysco Co. (NYSE:SYY) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its holdings in Sysco Co. (NYSE:SYY - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 301,681 shares of the company's stock after purchasing an additional 7,198 shares during the quarter. Royal London Asset Management Ltd. owned 0.06% of Sysco worth $23,067,000 at the end of the most recent reporting period.

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

Sysco Trading Down 1.5 %

Shares of SYY stock traded down $1.05 during trading on Tuesday, hitting $70.38. 3,403,212 shares of the stock traded hands, compared to its average volume of 3,137,520. The firm has a market capitalization of $34.43 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. Sysco Co. has a 52-week low of $69.03 and a 52-week high of $82.33. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The firm's fifty day moving average price is $72.98 and its 200-day moving average price is $75.21.

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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 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 last year, the firm posted $0.89 EPS. As a group, research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is 52.44%.

Insider Transactions at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

SYY has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Melius Research raised Sysco to a "hold" rating in a research note on Wednesday, December 18th. Barclays reduced their price objective on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Melius began coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price on the stock. Finally, UBS Group reduced their target price on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sysco currently has an average rating of "Moderate Buy" and a consensus target price of $84.77.

About Sysco

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.