Legal & General Group Plc lowered its position in Sysco Co. (NYSE:SYY - Free Report) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,682,912 shares of the company's stock after selling 883,888 shares during the quarter. Legal & General Group Plc owned about 0.55% of Sysco worth $205,135,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Buckley Wealth Management LLC increased its holdings in shares of Sysco by 0.8% during the 4th quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company's stock worth $1,391,000 after buying an additional 150 shares during the last quarter. WR Wealth Planners LLC raised its position in Sysco by 9.9% in the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock valued at $326,000 after purchasing an additional 386 shares during the period. Clark & Stuart Inc acquired a new position in shares of Sysco in the 4th quarter valued at $7,613,000. Boston Trust Walden Corp grew its holdings in shares of Sysco by 179.5% during the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company's stock worth $61,500,000 after purchasing an additional 516,585 shares during the period. Finally, Lmcg Investments LLC acquired a new stake in shares of Sysco during the 4th quarter worth about $3,668,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. dropped their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Melius Research upgraded shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.77.
View Our Latest Research Report on SYY
Sysco Stock Down 0.0 %
Shares of SYY traded down $0.02 during midday trading on Tuesday, reaching $71.82. The stock had a trading volume of 645,373 shares, compared to its average volume of 3,317,373. 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's fifty day simple moving average is $72.62 and its two-hundred day simple moving average is $74.70. The company has a market cap of $35.14 billion, a price-to-earnings ratio of 18.46, a PEG 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 announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting 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 business posted $0.89 earnings per share. Equities research analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.
Sysco Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. Sysco's dividend payout ratio is presently 52.44%.
About Sysco
(
Free Report)
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.
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