4,482 Shares in Sysco Co. (NYSE:SYY) Purchased by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,482 shares of the company's stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Sysco by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 61,519,424 shares of the company's stock valued at $4,703,775,000 after purchasing an additional 429,711 shares during the last quarter. Invesco Ltd. lifted its holdings in Sysco by 5.3% in the fourth quarter. Invesco Ltd. now owns 16,907,541 shares of the company's stock valued at $1,292,751,000 after acquiring an additional 851,441 shares during the last quarter. Boston Partners increased its stake in Sysco by 143.7% during the fourth quarter. Boston Partners now owns 12,184,114 shares of the company's stock worth $930,296,000 after acquiring an additional 7,184,754 shares during the last quarter. Geode Capital Management LLC raised its position in Sysco by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company's stock valued at $905,120,000 after purchasing an additional 233,885 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Sysco by 27.3% in the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company's stock valued at $687,488,000 after purchasing an additional 1,928,002 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SYY. Wells Fargo & Company decreased their target price on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Truist Financial lowered their price objective on shares of Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. BMO Capital Markets decreased their price target on Sysco from $82.00 to $77.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. UBS Group lowered their target price on Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Barclays lowered their price objective 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. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Sysco has an average rating of "Moderate Buy" and a consensus target price of $83.38.

Sysco Price Performance

SYY traded down $0.09 during midday trading on Monday, reaching $70.66. 2,542,904 shares of the company's stock were exchanged, compared to its average volume of 3,356,095. The business's 50-day moving average price is $72.59 and its 200 day moving average price is $74.27. The stock has a market capitalization of $34.57 billion, a PE ratio of 18.17, a P/E/G ratio of 1.88 and a beta of 0.91. Sysco Co. has a 1-year low of $67.12 and a 1-year high of $82.23. 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 (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) 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 firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. As a group, equities analysts anticipate 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. Investors of record on Thursday, July 3rd will be paid a dividend of $0.54 per share. This is an increase from Sysco's previous quarterly dividend of $0.51. The ex-dividend date is Thursday, July 3rd. This represents a $2.16 annualized dividend and a yield of 3.06%. Sysco's payout ratio is 55.96%.

Insider Buying and Selling

In other news, Director Sheila Talton sold 356 shares of the company's stock in a transaction dated 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 owns 12,738 shares in the company, valued at approximately $902,359.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

About Sysco

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.