Sysco Co. (NYSE:SYY) is Act Two Investors LLC's 7th Largest Position

Act Two Investors LLC boosted its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 411.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,993 shares of the company's stock after buying an additional 255,815 shares during the period. Sysco makes up approximately 4.7% of Act Two Investors LLC's investment portfolio, making the stock its 7th largest position. Act Two Investors LLC owned about 0.06% of Sysco worth $24,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Sysco in the third quarter valued at about $390,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sysco in the 3rd quarter valued at approximately $368,000. Barclays PLC increased its position in Sysco by 43.2% during the 3rd quarter. Barclays PLC now owns 1,715,356 shares of the company's stock worth $133,902,000 after purchasing an additional 517,219 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Sysco by 28.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,096 shares of the company's stock valued at $785,000 after purchasing an additional 2,249 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Sysco by 301.0% in the third quarter. TD Private Client Wealth LLC now owns 7,960 shares of the company's stock valued at $621,000 after buying an additional 5,975 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts recently weighed in on SYY shares. Wells Fargo & Company raised their price objective on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Morgan Stanley dropped their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Finally, Melius Research raised shares of 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.77.

Sysco Stock Down 0.5 %

NYSE:SYY traded down $0.37 during trading hours on Wednesday, reaching $70.91. The company had a trading volume of 1,067,052 shares, compared to its average volume of 3,654,729. The business's 50-day simple moving average is $72.62 and its two-hundred day simple moving average is $74.67. Sysco Co. has a twelve month low of $67.12 and a twelve month high of $82.23. The firm has a market cap of $34.69 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 1.88 and a beta of 0.91. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY - Get Free Report) last issued 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 period last year, the business posted $0.89 earnings per share. On average, equities analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's payout ratio is currently 52.44%.

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.