Banco Bilbao Vizcaya Argentaria S.A. Has $4.57 Million Position in Sysco Co. (NYSE:SYY)

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in Sysco Co. (NYSE:SYY - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,706 shares of the company's stock after selling 4,244 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Sysco were worth $4,565,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research firms recently issued reports on SYY. Wells Fargo & Company reduced their price objective on Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday. Sanford C. Bernstein set a $87.00 price target on Sysco and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Truist Financial cut their price objective on shares of Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets decreased their target price on shares of Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.79.

Sysco Stock Performance

NYSE:SYY traded up $0.70 during mid-day trading on Wednesday, hitting $70.94. 2,318,866 shares of the company's stock traded hands, compared to its average volume of 3,376,683. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The firm has a 50 day moving average of $72.77 and a two-hundred day moving average of $74.38. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). The company had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a return on equity of 106.30% and a net margin of 2.40%. The company's revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. On average, equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.04%. This is a positive change from Sysco's previous quarterly dividend of $0.51. The ex-dividend date is Thursday, July 3rd. Sysco's payout ratio is currently 55.53%.

Sysco Company 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.