Sysco Co. (NYSE:SYY) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Sysco Co. (NYSE:SYY - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,283,713 shares of the company's stock after acquiring an additional 213,838 shares during the quarter. Dimensional Fund Advisors LP owned about 0.88% of Sysco worth $327,533,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SYY. Forum Financial Management LP boosted its stake in shares of Sysco by 2.1% during the fourth quarter. Forum Financial Management LP now owns 48,614 shares of the company's stock valued at $3,717,000 after purchasing an additional 1,017 shares during the period. Generation Capital Management LLC bought a new position in Sysco in the 4th quarter worth about $596,000. GeoWealth Management LLC increased its position in shares of Sysco by 46.7% during the fourth quarter. GeoWealth Management LLC now owns 6,548 shares of the company's stock worth $501,000 after acquiring an additional 2,083 shares during the period. Cadence Bank boosted its holdings in shares of Sysco by 1.7% in the fourth quarter. Cadence Bank now owns 66,667 shares of the company's stock valued at $5,097,000 after purchasing an additional 1,084 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its stake in Sysco by 23.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 781,314 shares of the company's stock worth $59,707,000 after purchasing an additional 147,713 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Sysco Stock Performance

Shares of NYSE SYY traded down $1.68 during mid-day trading on Friday, hitting $70.86. The stock had a trading volume of 3,719,482 shares, compared to its average volume of 3,357,103. The company has a 50 day moving average of $72.80 and a two-hundred day moving average of $74.44. Sysco Co. has a twelve month low of $67.12 and a twelve month high of $82.23. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The firm has a market cap of $34.67 billion, a PE ratio of 18.22, a PEG ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the business earned $0.89 earnings per share. Research analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.54 per share. 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%. The ex-dividend date is Thursday, July 3rd. Sysco's dividend payout ratio (DPR) is currently 55.53%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Sanford C. Bernstein set a $87.00 price target on Sysco and gave the company an "overweight" rating in a research note on Tuesday. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company increased their target price on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, Barclays boosted their price target on Sysco from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.07.

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.