Sysco Co. (NYSE:SYY) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,541 shares of the company's stock after selling 45,747 shares during the period. Xponance Inc.'s holdings in Sysco were worth $8,758,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its position in Sysco by 143.7% in the 4th quarter. Boston Partners now owns 12,184,114 shares of the company's stock valued at $930,296,000 after buying an additional 7,184,754 shares during the period. State Street Corp lifted its position in shares of Sysco by 11.1% in the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company's stock worth $2,130,617,000 after purchasing an additional 2,721,449 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sysco in the 3rd quarter worth approximately $137,900,000. Mondrian Investment Partners LTD purchased a new stake in shares of Sysco in the 4th quarter worth approximately $123,928,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Sysco in the 4th quarter worth approximately $97,078,000. 83.41% of the stock is currently owned by institutional investors.

Sysco Stock Performance

SYY stock traded down $0.08 during midday trading on Friday, hitting $71.12. 4,897,434 shares of the stock traded hands, compared to its average volume of 3,137,087. The firm has a market cap of $34.79 billion, a P/E ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.11. 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 stock's fifty day simple moving average is $73.10 and its 200-day simple moving average is $75.34. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33.

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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 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 last year, the firm earned $0.89 EPS. On average, 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. 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 2.87%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's payout ratio is 52.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SYY shares. StockNews.com cut shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Truist Financial decreased their target price on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group increased their target price on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Barclays decreased their target price on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $84.77.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now directly owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.54% of the company's stock.

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.