Fiduciary Management Inc. WI Has $196.73 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Fiduciary Management Inc. WI lessened its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,572,917 shares of the company's stock after selling 109,616 shares during the quarter. Sysco comprises approximately 1.8% of Fiduciary Management Inc. WI's holdings, making the stock its 18th largest position. Fiduciary Management Inc. WI owned approximately 0.53% of Sysco worth $196,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SYY. Buckley Wealth Management LLC raised its position 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 in the last quarter. WR Wealth Planners LLC raised its holdings in Sysco by 9.9% during the fourth quarter. WR Wealth Planners LLC now owns 4,270 shares of the company's stock worth $326,000 after purchasing an additional 386 shares in the last quarter. Clark & Stuart Inc acquired a new stake in Sysco in the fourth quarter worth approximately $7,613,000. Boston Trust Walden Corp boosted its stake in Sysco by 179.5% during the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company's stock valued at $61,500,000 after purchasing an additional 516,585 shares in the last quarter. Finally, Lmcg Investments LLC acquired a new position in shares of Sysco during the 4th quarter valued at $3,668,000. Institutional investors own 83.41% of the company's stock.

Sysco Stock Down 0.8 %

Sysco stock traded down $0.59 during mid-day trading on Thursday, hitting $72.30. The company's stock had a trading volume of 1,098,306 shares, compared to its average volume of 3,617,197. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a 52-week low of $67.12 and a 52-week high of $82.23. The firm's 50 day moving average is $72.75 and its 200 day moving average is $74.48. The company has a market cap of $35.37 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY - Get Free Report) last posted 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 company earned $0.89 earnings per share. On average, analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. Sysco's dividend payout ratio (DPR) is currently 52.44%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SYY. Morgan Stanley cut their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. UBS Group dropped their target price on shares of Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Truist Financial reduced their target price on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Barclays upped their price target on Sysco from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price objective on Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. 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 has a consensus rating of "Moderate Buy" and a consensus price target of $84.92.

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.