36,094 Shares in Sysco Co. (NYSE:SYY) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new position in Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,094 shares of the company's stock, valued at approximately $2,760,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners boosted its holdings in shares of Sysco by 143.7% during the 4th quarter. Boston Partners now owns 12,184,114 shares of the company's stock worth $930,296,000 after buying an additional 7,184,754 shares in the last quarter. Norges Bank acquired a new stake in Sysco in the fourth quarter worth $450,441,000. Capital Research Global Investors boosted its position in shares of Sysco by 27.3% during the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company's stock worth $687,488,000 after purchasing an additional 1,928,002 shares in the last quarter. Mondrian Investment Partners LTD acquired a new stake in shares of Sysco in the 4th quarter valued at about $123,928,000. Finally, Raymond James Financial Inc. bought a new stake in Sysco in the 4th quarter valued at about $97,078,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Performance

Shares of SYY stock traded down $0.83 during trading hours on Friday, hitting $70.77. 2,400,998 shares of the company were exchanged, compared to its average volume of 3,361,300. Sysco Co. has a 52-week low of $67.12 and a 52-week high of $82.23. 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 fifty day simple moving average of $72.16 and a 200 day simple moving average of $74.13. The stock has a market capitalization of $34.31 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.88 and a beta of 0.80.

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

Sysco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 3.05%. Sysco's dividend payout ratio (DPR) is 55.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SYY shares. StockNews.com downgraded Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Morgan Stanley lowered their price objective on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. UBS Group dropped their target price on Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Sanford C. Bernstein set a $87.00 price target on Sysco and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Sysco presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.38.

Insider Activity at Sysco

In other Sysco news, Director Sheila Talton sold 356 shares of Sysco stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $70.84, for a total transaction of $25,219.04. Following the completion of the transaction, the director now owns 12,738 shares of the company's stock, valued at $902,359.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

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.