Russell Investments Group Ltd. Increases Position in Sysco Co. (NYSE:SYY)

Russell Investments Group Ltd. grew its position in Sysco Co. (NYSE:SYY - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,954 shares of the company's stock after acquiring an additional 28,629 shares during the period. Russell Investments Group Ltd. owned 0.06% of Sysco worth $20,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stonebridge Financial Group LLC bought a new stake in Sysco during the 4th quarter worth about $31,000. Sherman Asset Management Inc. acquired a new position in shares of Sysco during the 4th quarter worth about $31,000. Flagship Wealth Advisors LLC acquired a new stake in Sysco in the fourth quarter worth $31,000. SRS Capital Advisors Inc. increased its position 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 buying an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock worth $47,000 after acquiring an additional 321 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Price Performance

NYSE:SYY traded up $0.08 during trading hours on Tuesday, reaching $71.92. The stock had a trading volume of 593,831 shares, compared to its average volume of 3,317,142. Sysco Co. has a 52 week low of $67.12 and a 52 week high of $82.23. The stock has a market capitalization of $35.19 billion, a PE ratio of 18.48, a PEG ratio of 1.88 and a beta of 0.91. The company has a 50 day moving average price of $72.62 and a two-hundred day moving average price of $74.70. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

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Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.40% and a return on equity of 106.30%. During the same period last year, the company posted $0.89 EPS. As a group, sell-side analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.84%. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SYY. Melius Research raised shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on shares of Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Melius began coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 price target on the stock. Morgan Stanley cut their price objective on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group raised their price target on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Sysco presently has a consensus 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.