Siemens Fonds Invest GmbH Decreases Stock Holdings in Sysco Co. (NYSE:SYY)

Siemens Fonds Invest GmbH decreased its position in Sysco Co. (NYSE:SYY - Free Report) by 68.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,563 shares of the company's stock after selling 18,226 shares during the period. Siemens Fonds Invest GmbH's holdings in Sysco were worth $655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $29,000. Stonebridge Financial Group LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $31,000. Sherman Asset Management Inc. bought a new position in shares of Sysco in the fourth quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 83.41% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SYY shares. Wells Fargo & Company cut their target price on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Barclays reduced their price objective on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. UBS Group reduced their price objective on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, Citigroup started coverage on shares of Sysco in a research report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Insider Buying and Selling

In related news, Director Sheila Talton sold 356 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $70.84, for a total value of $25,219.04. Following the transaction, the director now owns 12,738 shares in the company, valued at $902,359.92. The trade was a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Sysco Stock Up 0.8%

Shares of SYY stock traded up $0.60 during mid-day trading on Tuesday, reaching $73.66. 2,655,101 shares of the company's stock traded hands, compared to its average volume of 3,331,822. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The company has a market cap of $35.71 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.88 and a beta of 0.80. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The company's 50-day moving average price is $71.73 and its 200-day moving average price is $73.72.

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

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from Sysco's previous quarterly dividend of $0.51. Sysco's payout ratio is 55.96%.

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.