Sysco Co. (NYSE:SYY) Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Sysco Co. (NYSE:SYY) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,283,713 shares of the company’s stock after purchasing an additional 213,838 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sysco were worth $327,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in Sysco in the third quarter worth about $390,000. Barclays PLC raised its position 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 during the period. SkyView Investment Advisors LLC lifted its holdings in shares of Sysco by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 8,509 shares of the company’s stock worth $664,000 after purchasing an additional 445 shares during the last quarter. World Investment Advisors LLC acquired a new position in Sysco during the 3rd quarter valued at approximately $610,000. Finally, Wilmington Savings Fund Society FSB increased its position in Sysco by 13.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 209,456 shares of the company’s stock worth $16,350,000 after buying an additional 24,866 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Price Performance

Shares of Sysco stock opened at $71.71 on Monday. Sysco Co. has a 52 week low of $67.12 and a 52 week high of $82.23. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. The stock has a market cap of $35.08 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. The company’s 50-day moving average price is $72.67 and its two-hundred day moving average price is $74.53.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 period in the prior year, the company posted $0.89 EPS. As a group, sell-side analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s payout ratio is 52.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SYY shares. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Wells Fargo & Company upped their target price 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. Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Barclays reduced their price objective on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley lowered their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.77.

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.