XTX Topco Ltd Reduces Stock Position in Sysco Co. (NYSE:SYY)

XTX Topco Ltd trimmed its holdings in Sysco Co. (NYSE:SYY) by 89.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,162 shares of the company’s stock after selling 43,785 shares during the period. XTX Topco Ltd’s holdings in Sysco were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in Sysco during the fourth quarter valued at approximately $31,000. Sherman Asset Management Inc. purchased a new position in shares of Sysco during the 4th quarter valued at $31,000. Flagship Wealth Advisors LLC bought a new position in shares of Sysco in the fourth quarter worth $31,000. SRS Capital Advisors Inc. increased its holdings in shares of Sysco by 53.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock worth $33,000 after purchasing an additional 149 shares during the period. Finally, HHM Wealth Advisors LLC raised its position in shares of Sysco by 107.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock worth $47,000 after buying an additional 321 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Performance

Shares of NYSE:SYY opened at $73.25 on Wednesday. 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 company has a market cap of $35.84 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The company has a 50-day moving average price of $72.72 and a 200-day moving average price of $74.49.

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

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a $0.51 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.78%. Sysco’s dividend payout ratio is 52.44%.

Analysts Set New Price Targets

Several research firms have weighed in on SYY. Morgan Stanley lowered their price target on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Barclays increased their price target on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group dropped their price objective on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

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.