Sysco Co. (NYSE:SYY) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its stake in Sysco Co. (NYSE:SYY - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,904 shares of the company's stock after buying an additional 8,076 shares during the quarter. UniSuper Management Pty Ltd's holdings in Sysco were worth $3,280,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Sysco in the fourth quarter valued at $31,000. Sherman Asset Management Inc. purchased a new position in Sysco in the 4th quarter valued at about $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Sysco during the 4th quarter worth about $31,000. SRS Capital Advisors Inc. grew its holdings in shares of Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after buying an additional 149 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Sysco by 107.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after buying an additional 321 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group increased their price target on Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. UBS Group lowered their price target on Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Melius Research upgraded shares of Sysco to a "hold" rating in a report on Wednesday, December 18th. Melius started coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price for the company. Finally, Guggenheim reaffirmed a "buy" rating and set a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.77.

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Sysco Stock Up 0.4 %

Shares of NYSE SYY traded up $0.28 on Thursday, hitting $75.58. The company had a trading volume of 1,328,641 shares, compared to its average volume of 3,608,218. The business has a 50 day moving average of $73.11 and a two-hundred day moving average of $75.10. The firm has a market capitalization of $36.98 billion, a P/E ratio of 19.43, a PEG ratio of 1.88 and a beta of 1.11. 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 Co. has a 12-month low of $69.03 and a 12-month high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the company posted $0.89 earnings per share. As a group, equities research analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business 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 2.70%. The ex-dividend date is Friday, April 4th. Sysco's dividend 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.