Siemens Fonds Invest GmbH Sells 18,226 Shares of Sysco Co. (NYSE:SYY)

Siemens Fonds Invest GmbH lowered its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 68.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,563 shares of the company's stock after selling 18,226 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Sysco were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SYY. Parvin Asset Management LLC bought a new position in shares of Sysco in the fourth quarter worth about $29,000. Stonebridge Financial Group LLC bought a new position in shares of Sysco during the 4th quarter valued at approximately $31,000. Sherman Asset Management Inc. purchased a new position in shares of Sysco in the 4th quarter worth $31,000. Flagship Wealth Advisors LLC purchased a new position in Sysco in the fourth quarter worth about $31,000. Finally, SRS Capital Advisors Inc. increased its position 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 purchasing an additional 149 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Sysco Trading Down 0.0%

Shares of Sysco stock opened at $72.34 on Friday. The stock has a market cap of $35.07 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80. The firm has a fifty day moving average price of $71.78 and a 200 day moving average price of $74.04. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 earnings per share 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 company had revenue of $19.60 billion for the quarter, compared to analysts' expectations of $20.11 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The business's quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.54 per share. This is a boost from Sysco's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.99%. Sysco's dividend payout ratio (DPR) is presently 55.96%.

Insider Activity at Sysco

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

Analyst Upgrades and Downgrades

SYY has been the topic of several analyst reports. UBS Group cut their price target on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 price objective on Sysco and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, Truist Financial dropped their target price on Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.38.

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.

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