Universal Beteiligungs und Servicegesellschaft mbH Takes $30.99 Million Position in Sysco Co. (NYSE:SYY)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Sysco Co. (NYSE:SYY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 405,344 shares of the company's stock, valued at approximately $30,993,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Sysco at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new position in Sysco during the 4th quarter worth $34,000. Liberty Square Wealth Partners LLC acquired a new position in Sysco during the 4th quarter worth $525,000. Ameriflex Group Inc. acquired a new position in Sysco during the 4th quarter worth $35,000. Aurdan Capital Management LLC acquired a new position in Sysco during the 4th quarter worth $5,321,000. Finally, Mackenzie Financial Corp lifted its position in Sysco by 14.3% during the 4th quarter. Mackenzie Financial Corp now owns 49,834 shares of the company's stock worth $3,810,000 after acquiring an additional 6,236 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 356 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 12,738 shares of the company's stock, 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 SEC, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Sysco Price Performance

SYY traded up $0.09 during midday trading on Monday, reaching $73.09. 2,811,754 shares of the company's stock were exchanged, compared to its average volume of 3,332,430. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth 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. Sysco Co. has a one year low of $67.12 and a one year high of $82.23. The business has a 50-day simple moving average of $71.74 and a two-hundred day simple moving average of $73.72.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly 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). The business had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a return on equity of 106.30% and a net margin of 2.40%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. As a group, research analysts predict that Sysco Co. will post 4.58 EPS 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 issued a dividend of $0.54 per share. This is a positive change 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 annualized dividend and a dividend yield of 2.96%. Sysco's dividend payout ratio (DPR) is presently 55.96%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SYY. Barclays reduced their target price on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on shares of Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Wells Fargo & Company reduced their target price on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets reduced 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. Finally, UBS Group reduced their target price on shares of Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $83.00.

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.