Schroder Investment Management Group Purchases 85,980 Shares of Sysco Co. (NYSE:SYY)

Schroder Investment Management Group grew its stake in Sysco Co. (NYSE:SYY - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,823 shares of the company's stock after purchasing an additional 85,980 shares during the period. Schroder Investment Management Group's holdings in Sysco were worth $15,869,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SYY. UBS Group decreased their price objective on Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Guggenheim reiterated a "buy" rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Morgan Stanley lowered their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Finally, Jefferies Financial Group upped their price objective 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Sysco has an average rating of "Moderate Buy" and an average target price of $84.77.

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Sysco Stock Down 5.3 %

SYY stock traded down $4.00 during trading on Friday, reaching $71.41. 5,117,172 shares of the stock were exchanged, compared to its average volume of 3,290,943. The firm's 50 day moving average is $73.07 and its 200 day moving average is $75.06. The firm has a market cap of $34.94 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) 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 period in the previous year, the company posted $0.89 EPS. As a group, research analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. Sysco's dividend payout ratio is presently 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.