O Shaughnessy Asset Management LLC Has $4.68 Million Stake in Sysco Co. (NYSE:SYY)

O Shaughnessy Asset Management LLC increased its position in shares of Sysco Co. (NYSE:SYY) by 14.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,206 shares of the company’s stock after acquiring an additional 7,493 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Sysco were worth $4,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners increased its stake in shares of Sysco by 143.7% in the fourth quarter. Boston Partners now owns 12,184,114 shares of the company’s stock valued at $930,296,000 after buying an additional 7,184,754 shares during the period. Norges Bank acquired a new position in Sysco in the 4th quarter valued at approximately $450,441,000. State Street Corp raised its stake in shares of Sysco by 11.1% during the third quarter. State Street Corp now owns 27,294,612 shares of the company’s stock valued at $2,130,617,000 after acquiring an additional 2,721,449 shares during the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of Sysco during the fourth quarter worth $123,928,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Sysco in the fourth quarter worth $97,078,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYY. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Truist Financial decreased their target price 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. Wells Fargo & Company boosted their price target on shares of Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Barclays decreased their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.77.

Sysco Trading Down 0.2 %

NYSE SYY opened at $75.28 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.23. The business has a 50 day moving average price of $73.11 and a 200-day moving average price of $75.10. The company has a market cap of $36.83 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the firm posted $0.89 earnings per share. As a group, equities analysts expect that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

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.