Sysco Co. (NYSE:SYY) Shares Acquired by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. increased its stake in Sysco Co. (NYSE:SYY - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 102,729 shares of the company's stock after purchasing an additional 26,188 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Sysco were worth $7,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Toronto Dominion Bank raised its position in shares of Sysco by 43.1% during the fourth quarter. Toronto Dominion Bank now owns 265,924 shares of the company's stock valued at $20,332,000 after buying an additional 80,075 shares during the last quarter. Snowden Capital Advisors LLC lifted its stake in Sysco by 10.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 4,255 shares of the company's stock worth $325,000 after purchasing an additional 406 shares during the last quarter. Sherbrooke Park Advisers LLC boosted its position in shares of Sysco by 46.8% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 4,184 shares of the company's stock valued at $320,000 after buying an additional 1,334 shares during the period. Royal Bank of Canada grew its stake in shares of Sysco by 46.1% during the fourth quarter. Royal Bank of Canada now owns 1,434,792 shares of the company's stock valued at $109,705,000 after buying an additional 452,531 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Sysco by 12.3% in the fourth quarter. Rafferty Asset Management LLC now owns 42,638 shares of the company's stock worth $3,260,000 after buying an additional 4,682 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Stock Up 1.0%

Shares of SYY traded up $0.70 during midday trading on Tuesday, hitting $73.70. 2,625,463 shares of the company's stock traded hands, compared to its average volume of 3,364,072. The firm's fifty day moving average is $71.79 and its 200-day moving average is $74.02. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $20.11 billion. During the same period last year, the company earned $0.96 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

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

Insider Transactions at Sysco

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley dropped their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. UBS Group decreased their target price on Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. StockNews.com downgraded Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, Barclays decreased their price objective on Sysco from $87.00 to $77.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Sysco currently has an average rating of "Moderate Buy" and a consensus target price of $83.62.

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.