Sysco Corporation (NYSE:SYY) Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Sysco Corporation (NYSE:SYY - Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,439 shares of the company's stock after purchasing an additional 10,736 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Sysco were worth $14,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SYY. FourThought Financial Partners LLC bought a new stake in shares of Sysco in the 4th quarter worth $266,000. Los Angeles Capital Management LLC raised its position in Sysco by 5.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 119,841 shares of the company's stock worth $9,163,000 after acquiring an additional 5,738 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Sysco by 4.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,175 shares of the company's stock worth $472,000 after acquiring an additional 242 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Sysco during the 4th quarter valued at about $205,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Sysco by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 196,600 shares of the company's stock valued at $15,032,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Insider Buying and Selling

In related news, Director Sheila Talton sold 356 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total value of $25,219.04. Following the completion of the sale, the director now directly owns 12,738 shares in the company, valued at approximately $902,359.92. The trade was a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on SYY shares. BMO Capital Markets cut their target price on shares of Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Citigroup initiated coverage on shares of Sysco in a research note on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective for the company. Sanford C. Bernstein set a $87.00 target price on shares of Sysco and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. UBS Group reduced their price target on shares of Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their target price on Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Sysco Stock Down 0.6%

SYY opened at $74.59 on Friday. The company has a market capitalization of $36.16 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.26 and a quick ratio of 0.76. Sysco Corporation has a fifty-two week low of $67.12 and a fifty-two week high of $82.23. The business has a 50-day moving average of $72.73 and a 200-day moving average of $73.43.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.06). The business had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a net margin of 2.36% and a return on equity of 107.96%. Sysco's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. Equities research analysts forecast that Sysco Corporation will post 4.58 EPS 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 paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Sysco's previous quarterly dividend of $0.51. Sysco's payout ratio is presently 52.85%.

Sysco Company 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.

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