Sysco Co. (NYSE:SYY) Shares Purchased by Mariner LLC

Mariner LLC increased its stake in Sysco Co. (NYSE:SYY - Free Report) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 719,827 shares of the company's stock after acquiring an additional 129,154 shares during the period. Mariner LLC owned approximately 0.15% of Sysco worth $55,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new stake in shares of Sysco during the 3rd quarter valued at $390,000. Y Intercept Hong Kong Ltd purchased a new stake in Sysco during the third quarter valued at about $368,000. Barclays PLC increased its stake in Sysco by 43.2% during the third quarter. Barclays PLC now owns 1,715,356 shares of the company's stock worth $133,902,000 after acquiring an additional 517,219 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of Sysco by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 8,509 shares of the company's stock worth $664,000 after purchasing an additional 445 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of Sysco in the 3rd quarter valued at about $610,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company raised their target price on shares of Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Barclays reduced their target price on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Truist Financial lowered their price target on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Sysco presently has an average rating of "Moderate Buy" and a consensus price target of $84.77.

Sysco Stock Up 1.4 %

SYY traded up $1.02 on Friday, reaching $71.71. The company's stock had a trading volume of 2,762,479 shares, compared to its average volume of 3,336,566. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The business's 50 day moving average is $72.67 and its 200 day moving average is $74.56. The stock has a market cap of $35.08 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last issued 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 net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, research analysts forecast 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. Shareholders of record on Friday, April 4th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. Sysco's dividend payout ratio (DPR) is 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.