Sysco Co. (NYSE:SYY) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in Sysco Co. (NYSE:SYY) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,181 shares of the company’s stock after purchasing an additional 6,048 shares during the period. Vinva Investment Management Ltd’s holdings in Sysco were worth $2,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SYY. West Tower Group LLC raised its position in Sysco by 71.4% in the fourth quarter. West Tower Group LLC now owns 6,000 shares of the company’s stock worth $459,000 after acquiring an additional 2,500 shares in the last quarter. Trillium Asset Management LLC raised its position in Sysco by 23.3% in the fourth quarter. Trillium Asset Management LLC now owns 198,405 shares of the company’s stock worth $15,170,000 after acquiring an additional 37,507 shares in the last quarter. Boston Partners raised its position in Sysco by 143.7% in the fourth quarter. Boston Partners now owns 12,184,114 shares of the company’s stock worth $930,296,000 after acquiring an additional 7,184,754 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Sysco by 14.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,824,885 shares of the company’s stock worth $139,536,000 after acquiring an additional 236,504 shares in the last quarter. Finally, Mystic Asset Management Inc. purchased a new position in Sysco in the fourth quarter worth $786,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group dropped their price target on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target for the company. Morgan Stanley decreased their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial decreased their price objective on Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

Sysco Stock Down 1.8 %

Shares of NYSE:SYY opened at $71.12 on Friday. The stock’s 50-day moving average price is $73.15 and its two-hundred day moving average price is $75.41. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33. The firm has a market cap of $34.79 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate 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. On average, research analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio is currently 52.44%.

Insider Activity

In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction dated Thursday, January 2nd. The stock was 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 directly owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate 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.