ProShare Advisors LLC Has $198.12 Million Stake in Sysco Co. (NYSE:SYY)

ProShare Advisors LLC raised its holdings in Sysco Co. (NYSE:SYY - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,591,176 shares of the company's stock after buying an additional 31,362 shares during the quarter. ProShare Advisors LLC owned 0.53% of Sysco worth $198,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of Sysco by 43.2% during the 3rd quarter. Barclays PLC now owns 1,715,356 shares of the company's stock worth $133,902,000 after purchasing an additional 517,219 shares in the last quarter. Czech National Bank raised its position in Sysco by 6.3% in the 4th quarter. Czech National Bank now owns 106,508 shares of the company's stock valued at $8,144,000 after purchasing an additional 6,332 shares during the last quarter. Fiduciary Alliance LLC raised its position in Sysco by 7.6% in the 4th quarter. Fiduciary Alliance LLC now owns 3,198 shares of the company's stock valued at $245,000 after purchasing an additional 226 shares during the last quarter. Brookstone Capital Management raised its position in Sysco by 6.4% in the 4th quarter. Brookstone Capital Management now owns 16,101 shares of the company's stock valued at $1,231,000 after purchasing an additional 965 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its position in Sysco by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 11,365 shares of the company's stock valued at $869,000 after purchasing an additional 213 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Buying and Selling

In other Sysco news, Director Sheila Talton sold 356 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 12,738 shares of the company's stock, valued at approximately $902,359.92. The trade was a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by insiders.

Sysco Trading Down 0.0%

Shares of SYY stock traded down $0.01 on Friday, reaching $72.34. 3,218,817 shares of the stock were exchanged, compared to its average volume of 3,367,768. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. Sysco Co. has a one year low of $67.12 and a one year high of $82.23. The stock has a 50 day moving average price of $71.78 and a 200 day moving average price of $74.04. The stock has a market cap of $35.07 billion, a PE ratio of 18.60, a P/E/G ratio of 1.88 and a beta of 0.80.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). Sysco had a return on equity of 106.30% and a net margin of 2.40%. The company had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.11 billion. During the same period last year, the firm earned $0.96 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Increases Dividend

The business 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 dividend of $0.54 per share. 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 dividend on an annualized basis and a dividend yield of 2.99%. Sysco's payout ratio is 55.96%.

Analyst Ratings Changes

Several brokerages have issued reports on SYY. Morgan Stanley cut their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Truist Financial cut their price objective on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Barclays cut their price objective on Sysco from $87.00 to $77.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Guggenheim reiterated a "buy" rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Finally, UBS Group cut their price objective on Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.38.

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.