Atlas Capital Advisors Inc. Boosts Stock Position in Sysco Co. (NYSE:SYY)

Atlas Capital Advisors Inc. raised its position in Sysco Co. (NYSE:SYY - Free Report) by 118,750.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,508 shares of the company's stock after buying an additional 9,500 shares during the period. Atlas Capital Advisors Inc.'s holdings in Sysco were worth $727,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners grew its stake in shares of Sysco by 143.7% during the 4th quarter. Boston Partners now owns 12,184,114 shares of the company's stock worth $930,296,000 after acquiring an additional 7,184,754 shares during the period. Norges Bank purchased a new position in Sysco during the fourth quarter valued at approximately $450,441,000. State Street Corp boosted its holdings in Sysco by 11.1% in the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company's stock valued at $2,130,617,000 after purchasing an additional 2,721,449 shares during the period. Mondrian Investment Partners LTD bought a new position in shares of Sysco in the fourth quarter worth $123,928,000. Finally, Raymond James Financial Inc. purchased a new position in Sysco during the fourth quarter worth about $97,078,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Price Performance

Shares of NYSE:SYY traded down $0.17 during mid-day trading on Wednesday, reaching $67.83. The stock had a trading volume of 880,839 shares, compared to its average volume of 3,293,363. The business's 50 day moving average price is $72.76 and its 200 day moving average price is $74.91. Sysco Co. has a 1 year low of $66.67 and a 1 year high of $82.23. The company has a market cap of $33.18 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66.

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

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio is 52.44%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SYY shares. Melius Research raised shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price on the stock. Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. StockNews.com lowered Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.77.

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.