Barclays PLC Sells 197,282 Shares of Sysco Co. (NYSE:SYY)

Barclays PLC decreased its holdings in Sysco Co. (NYSE:SYY - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,518,074 shares of the company's stock after selling 197,282 shares during the quarter. Barclays PLC owned approximately 0.31% of Sysco worth $116,072,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SYY. Stonebridge Financial Group LLC bought a new position in shares of Sysco in the fourth quarter worth $31,000. Sherman Asset Management Inc. acquired a new stake in shares of Sysco during the fourth quarter valued at approximately $31,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Sysco in the fourth quarter valued at $31,000. SRS Capital Advisors Inc. lifted its stake in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after acquiring an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its position in Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock worth $47,000 after acquiring an additional 321 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYY has been the subject of several recent research reports. Truist Financial cut their price objective on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Barclays dropped their price target on Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Guggenheim reaffirmed a "buy" rating and set a $85.00 target price on shares of Sysco in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a 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 stock. According to MarketBeat.com, Sysco currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.77.

Sysco Price Performance

Shares of NYSE SYY traded up $1.02 during mid-day trading on Friday, hitting $71.71. 2,762,479 shares of the stock were exchanged, compared to its average volume of 3,336,566. The stock's fifty day simple moving average is $72.67 and its two-hundred day simple moving average is $74.56. Sysco Co. has a twelve month low of $67.12 and a twelve month high of $82.23. The company has a market cap of $35.08 billion, a P/E ratio of 18.43, a PEG ratio of 1.88 and a beta of 0.91. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY - Get Free Report) last announced its 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 quarter in the previous year, the firm earned $0.89 EPS. As a group, analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The company also recently disclosed 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. This represents a $2.04 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio is 52.44%.

About Sysco

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.