Sepio Capital LP Reduces Stock Position in Sysco Co. (NYSE:SYY)

Sepio Capital LP lessened its holdings in shares of Sysco Co. (NYSE:SYY) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,437 shares of the company’s stock after selling 667 shares during the period. Sepio Capital LP’s holdings in Sysco were worth $2,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SYY. Benjamin Edwards Inc. lifted its stake in Sysco by 109.0% in the third quarter. Benjamin Edwards Inc. now owns 14,965 shares of the company’s stock worth $1,170,000 after acquiring an additional 7,806 shares during the period. IHT Wealth Management LLC lifted its position in shares of Sysco by 45.5% in the 3rd quarter. IHT Wealth Management LLC now owns 6,797 shares of the company’s stock worth $530,000 after purchasing an additional 2,124 shares during the period. Morse Asset Management Inc bought a new stake in shares of Sysco during the 3rd quarter valued at about $390,000. Quantinno Capital Management LP increased its position in shares of Sysco by 92.7% during the third quarter. Quantinno Capital Management LP now owns 60,394 shares of the company’s stock valued at $4,714,000 after buying an additional 29,050 shares during the period. Finally, Stifel Financial Corp raised its stake in Sysco by 3.7% in the third quarter. Stifel Financial Corp now owns 503,956 shares of the company’s stock worth $39,338,000 after buying an additional 18,052 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Melius assumed coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. UBS Group reduced their target price on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley lowered their price target on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Sysco Stock Down 5.3 %

Sysco stock opened at $71.41 on Friday. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.23. The stock has a fifty day simple moving average of $73.07 and a two-hundred day simple moving average of $75.04. 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 firm has a market cap of $34.94 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY) last issued its earnings results 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 business posted $0.89 earnings per share. Equities analysts predict 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. Shareholders of record on Friday, April 4th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

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.