Associated Banc Corp Has $20.23 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Associated Banc Corp reduced its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,549 shares of the company's stock after selling 16,473 shares during the period. Associated Banc Corp owned approximately 0.05% of Sysco worth $20,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SYY. Ashton Thomas Securities LLC acquired a new stake in Sysco during the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new position in Sysco in the 3rd quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new position in Sysco in the 4th quarter valued at $31,000. Sherman Asset Management Inc. acquired a new position in Sysco in the 4th quarter valued at $31,000. Finally, SRS Capital Advisors Inc. raised its holdings in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after acquiring an additional 149 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Guggenheim reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Melius Research raised Sysco to a "hold" rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted 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. Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price target on the stock. Finally, Barclays decreased their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.77.

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Sysco Price Performance

SYY stock traded down $2.06 during midday trading on Wednesday, reaching $72.30. 5,902,631 shares of the stock were exchanged, compared to its average volume of 3,108,002. The stock has a market capitalization of $35.37 billion, a PE ratio of 18.59, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. 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 company has a fifty day moving average price of $73.27 and a 200 day moving average price of $75.46.

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, 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 firm posted $0.89 EPS. As a group, analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a $0.51 dividend. 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 2.82%. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 56,304 shares in the company, 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 SEC, which is accessible through this link. 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.