Sysco Co. (NYSE:SYY) Holdings Lifted by PGGM Investments

PGGM Investments grew its position in Sysco Co. (NYSE:SYY) by 72.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,330 shares of the company’s stock after purchasing an additional 3,069 shares during the period. PGGM Investments’ holdings in Sysco were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Achmea Investment Management B.V. grew its position in Sysco by 16.1% in the 4th quarter. Achmea Investment Management B.V. now owns 84,798 shares of the company’s stock worth $6,483,000 after purchasing an additional 11,747 shares during the last quarter. Essential Planning LLC. bought a new position in shares of Sysco in the fourth quarter valued at approximately $866,000. Hopwood Financial Services Inc. bought a new position in shares of Sysco in the fourth quarter valued at approximately $65,000. Farther Finance Advisors LLC boosted its holdings in shares of Sysco by 18.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,204 shares of the company’s stock valued at $321,000 after acquiring an additional 660 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Sysco by 12.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,838 shares of the company’s stock valued at $217,000 after acquiring an additional 324 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Melius assumed coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group increased their target price on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.77.

Sysco Stock Up 1.0 %

Shares of NYSE:SYY opened at $73.35 on Friday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The company has a market cap of $35.89 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33. The firm has a 50 day simple moving average of $73.28 and a 200 day simple moving average of $75.52.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate 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 firm posted $0.89 earnings per share. As a group, research analysts expect that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.78%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

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.