Sysco Co. (NYSE:SYY) Stock Holdings Increased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in Sysco Co. (NYSE:SYY) by 97.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,134 shares of the company’s stock after purchasing an additional 58,740 shares during the quarter. Quantinno Capital Management LP’s holdings in Sysco were worth $9,109,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC increased its position in shares of Sysco by 2.0% in the fourth quarter. Pathstone Holdings LLC now owns 129,261 shares of the company’s stock worth $9,879,000 after acquiring an additional 2,577 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Sysco in the fourth quarter worth approximately $554,000. Nomura Holdings Inc. increased its position in shares of Sysco by 95.4% in the fourth quarter. Nomura Holdings Inc. now owns 35,106 shares of the company’s stock worth $2,684,000 after acquiring an additional 17,140 shares in the last quarter. NorthRock Partners LLC increased its position in shares of Sysco by 147.6% in the fourth quarter. NorthRock Partners LLC now owns 6,954 shares of the company’s stock worth $532,000 after acquiring an additional 4,146 shares in the last quarter. Finally, Obermeyer Wealth Partners increased its position in shares of Sysco by 1.2% in the fourth quarter. Obermeyer Wealth Partners now owns 27,544 shares of the company’s stock worth $2,106,000 after acquiring an additional 323 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYY. Morgan Stanley dropped their target price on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. UBS Group lowered their price objective on shares of Sysco from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Wells Fargo & Company lowered their price objective 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. Finally, BMO Capital Markets decreased their target price on shares of Sysco from $82.00 to $77.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.38.

Insider Transactions at Sysco

In other news, Director Sheila Talton sold 356 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $70.84, for a total transaction of $25,219.04. Following the transaction, the director now owns 12,738 shares in the company, valued at approximately $902,359.92. The trade was a 2.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Sysco Stock Performance

NYSE SYY opened at $72.32 on Friday. The company’s fifty day moving average is $71.82 and its two-hundred day moving average is $74.05. Sysco Co. has a 52-week low of $67.12 and a 52-week 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. The firm has a market capitalization of $35.06 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.88 and a beta of 0.80.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $20.11 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.54 per share. This is an increase 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 annualized dividend and a dividend yield of 2.99%. Sysco’s payout ratio is presently 55.96%.

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.