Sysco Co. (NYSE:SYY) Position Boosted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 38.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,623 shares of the company's stock after purchasing an additional 8,264 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Sysco were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in Sysco in the 3rd quarter valued at approximately $390,000. Barclays PLC boosted its holdings in Sysco by 43.2% in the third quarter. Barclays PLC now owns 1,715,356 shares of the company's stock valued at $133,902,000 after acquiring an additional 517,219 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Sysco by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 8,509 shares of the company's stock valued at $664,000 after purchasing an additional 445 shares during the last quarter. World Investment Advisors LLC acquired a new position in Sysco in the third quarter valued at approximately $610,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Sysco by 13.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 209,456 shares of the company's stock valued at $16,350,000 after purchasing an additional 24,866 shares during the period. Institutional investors own 83.41% of the company's stock.

Sysco Trading Down 0.1 %

Sysco stock traded down $0.09 during trading on Tuesday, hitting $70.33. The company had a trading volume of 2,192,737 shares, compared to its average volume of 3,364,689. The company's 50 day simple moving average is $72.79 and its 200-day simple moving average is $74.41. Sysco Co. has a 1-year low of $66.14 and a 1-year high of $82.23. The stock has a market cap of $34.41 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. 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 (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 analysts' consensus estimates 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. As a group, analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders 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. This represents a $2.16 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, July 3rd. Sysco's dividend payout ratio (DPR) is currently 55.53%.

Analysts Set New Price Targets

SYY has been the topic of a number of research reports. Barclays upped their target price on Sysco from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Morgan Stanley decreased their price target on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Guggenheim restated a "buy" rating and set a $85.00 price objective on shares of Sysco in a research note on Wednesday, January 29th. Sanford C. Bernstein set a $87.00 price target on Sysco and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company increased their price target on shares of Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.07.

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.