Schonfeld Strategic Advisors LLC Increases Position in Sysco Co. (NYSE:SYY)

Schonfeld Strategic Advisors LLC grew its holdings in Sysco Co. (NYSE:SYY - Free Report) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,510 shares of the company's stock after purchasing an additional 6,391 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Sysco were worth $2,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its position in Sysco by 43.2% during 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 in the last quarter. World Investment Advisors LLC acquired a new position in shares of Sysco during the third quarter valued at about $610,000. Tidal Investments LLC grew its holdings in shares of Sysco by 51.3% during the 3rd quarter. Tidal Investments LLC now owns 37,030 shares of the company's stock worth $2,891,000 after purchasing an additional 12,550 shares in the last quarter. Synovus Financial Corp increased its holdings in Sysco by 14.7% in the 3rd quarter. Synovus Financial Corp now owns 4,238 shares of the company's stock valued at $331,000 after buying an additional 543 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Sysco by 14.7% in the 3rd quarter. Franklin Resources Inc. now owns 572,158 shares of the company's stock valued at $43,038,000 after purchasing an additional 73,306 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

Sysco stock traded up $1.12 during mid-day trading on Thursday, reaching $71.63. 3,097,772 shares of the company were exchanged, compared to its average volume of 3,354,167. The company has a fifty day simple moving average of $72.32 and a 200-day simple moving average of $74.18. The firm has a market cap of $34.72 billion, a PE ratio of 18.41, a PEG ratio of 1.88 and a beta of 0.80. 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 12 month low of $67.12 and a 12 month high of $82.23.

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

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.54 per share. This is a boost 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 dividend on an annualized basis and a yield of 3.02%. Sysco's payout ratio is presently 55.96%.

Insiders Place Their Bets

In other Sysco news, Director Sheila Talton sold 356 shares of the firm'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 owns 12,738 shares in the company, valued at $902,359.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SYY. Wells Fargo & Company decreased their price objective on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. UBS Group dropped their price target 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. JPMorgan Chase & Co. cut their price target on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Sanford C. Bernstein set a $87.00 target price on shares of Sysco and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Sysco currently has a consensus rating of "Moderate Buy" and an average price target of $83.38.

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.