LPL Financial LLC raised its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 501,726 shares of the company's stock after buying an additional 9,012 shares during the quarter. LPL Financial LLC owned about 0.10% of Sysco worth $38,362,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Banco de Sabadell S.A boosted its stake in Sysco by 1.2% in the fourth quarter. Banco de Sabadell S.A now owns 13,955 shares of the company's stock valued at $1,066,000 after acquiring an additional 171 shares in the last quarter. Blueprint Investment Partners LLC acquired a new stake in shares of Sysco in the 4th quarter worth $246,000. Fox Run Management L.L.C. purchased a new position in Sysco during the 4th quarter worth $576,000. KLP Kapitalforvaltning AS acquired a new position in Sysco during the 4th quarter valued at about $31,517,000. Finally, Mizuho Securities USA LLC increased its position in Sysco by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 46,557 shares of the company's stock valued at $3,560,000 after buying an additional 14,669 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.
Sysco Stock Performance
NYSE:SYY traded down $0.07 during trading hours on Wednesday, reaching $75.36. The company had a trading volume of 520,937 shares, compared to its average volume of 3,267,953. 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 Co. has a 1-year low of $69.03 and a 1-year high of $82.23. The business's 50 day moving average price is $73.07 and its 200-day moving average price is $75.10. The firm has a market cap of $36.87 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11.
Sysco (NYSE:SYY - Get Free Report) last issued its quarterly 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 quarter in the prior year, the company earned $0.89 EPS. Research analysts forecast that Sysco Co. will post 4.58 EPS for the current year.
Sysco Dividend Announcement
The company 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 52.44%.
Analyst Ratings Changes
SYY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Guggenheim reissued a "buy" rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Jefferies Financial Group boosted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Melius Research upgraded Sysco to a "hold" rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.77.
Get Our Latest Analysis on Sysco
Insider Activity
In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The shares were 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. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company's stock.
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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