Sysco Co. (NYSE:SYY) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC trimmed its stake in Sysco Co. (NYSE:SYY - Free Report) by 64.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,415 shares of the company's stock after selling 368,508 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Sysco were worth $15,630,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. WBI Investments LLC grew its holdings in Sysco by 13.6% in the fourth quarter. WBI Investments LLC now owns 7,703 shares of the company's stock valued at $589,000 after purchasing an additional 920 shares during the period. Wimmer Associates 1 LLC grew its holdings in Sysco by 1.5% in the fourth quarter. Wimmer Associates 1 LLC now owns 15,902 shares of the company's stock valued at $1,216,000 after purchasing an additional 230 shares during the period. Triglav Skladi D.O.O. purchased a new stake in Sysco in the fourth quarter valued at approximately $1,529,000. Tidal Investments LLC grew its holdings in Sysco by 6.2% in the fourth quarter. Tidal Investments LLC now owns 39,319 shares of the company's stock valued at $3,006,000 after purchasing an additional 2,289 shares during the period. Finally, Tolleson Wealth Management Inc. grew its holdings in Sysco by 21.7% in the fourth quarter. Tolleson Wealth Management Inc. now owns 9,623 shares of the company's stock valued at $736,000 after purchasing an additional 1,715 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYY has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday. Guggenheim reiterated a "buy" rating and set a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Citigroup initiated coverage on shares of Sysco in a research note on Thursday. They set a "neutral" rating and a $78.00 price objective for the company. Finally, Sanford C. Bernstein set a $87.00 price objective on shares of Sysco and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Sysco has an average rating of "Moderate Buy" and an average target price of $83.00.

Sysco Stock Down 0.6%

Shares of SYY stock traded down $0.47 on Friday, hitting $71.51. The stock had a trading volume of 2,628,415 shares, compared to its average volume of 3,352,029. The firm has a market capitalization of $34.67 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.88 and a beta of 0.80. The stock's 50 day moving average is $71.65 and its 200-day moving average is $73.95. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. Sysco Co. has a 52-week low of $67.12 and a 52-week high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last announced its earnings results 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 firm had revenue of $19.60 billion during the quarter, compared to analysts' expectations of $20.11 billion. Sysco had a net margin of 2.40% and a return on equity of 106.30%. Sysco's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. As a group, research analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be issued a $0.54 dividend. The ex-dividend date is Thursday, July 3rd. This is a boost from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 3.02%. Sysco's dividend payout ratio is currently 55.96%.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 356 shares of the company's 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 sale, the director now directly owns 12,738 shares of the company's stock, valued at $902,359.92. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

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.