Sysco Co. (NYSE:SYY) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its holdings in Sysco Co. (NYSE:SYY - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,181 shares of the company's stock after acquiring an additional 6,048 shares during the period. Vinva Investment Management Ltd's holdings in Sysco were worth $2,228,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Buckley Wealth Management LLC boosted its stake in Sysco by 0.8% during the fourth quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company's stock valued at $1,391,000 after buying an additional 150 shares during the last quarter. WR Wealth Planners LLC raised its stake in Sysco by 9.9% during the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock valued at $326,000 after purchasing an additional 386 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Sysco by 7.7% in the 3rd quarter. Captrust Financial Advisors now owns 124,341 shares of the company's stock worth $9,706,000 after buying an additional 8,891 shares in the last quarter. Clark & Stuart Inc bought a new stake in shares of Sysco in the 4th quarter worth about $7,613,000. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Sysco by 76.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,362 shares of the company's stock valued at $10,256,000 after buying an additional 58,430 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

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Sysco Stock Down 1.5 %

NYSE:SYY traded down $1.05 during trading hours on Tuesday, reaching $70.38. The company's stock had a trading volume of 3,403,212 shares, compared to its average volume of 3,134,436. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The company 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. The stock has a 50 day moving average price of $73.05 and a two-hundred day moving average price of $75.26. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 business posted $0.89 earnings per share. Equities analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

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 $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.90%. Sysco's dividend payout ratio (DPR) is 52.44%.

Analysts Set New Price Targets

Several research analysts recently commented on SYY shares. Morgan Stanley dropped their price target on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price objective for the company. Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Melius Research upgraded Sysco to a "hold" rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their target price on Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Sysco has a consensus rating of "Moderate Buy" and a consensus target price of $84.77.

Insiders Place Their Bets

In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares of the company's stock, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

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.