Unigestion Holding SA Has $735,000 Holdings in Sysco Co. (NYSE:SYY)

Unigestion Holding SA increased its stake in shares of Sysco Co. (NYSE:SYY) by 55.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,613 shares of the company’s stock after acquiring an additional 3,411 shares during the period. Unigestion Holding SA’s holdings in Sysco were worth $735,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its position in shares of Sysco by 45.5% during the third quarter. IHT Wealth Management LLC now owns 6,797 shares of the company’s stock worth $530,000 after buying an additional 2,124 shares during the period. Morse Asset Management Inc bought a new stake in Sysco in the 3rd quarter valued at approximately $390,000. Quantinno Capital Management LP boosted its position in Sysco by 92.7% during the 3rd quarter. Quantinno Capital Management LP now owns 60,394 shares of the company’s stock worth $4,714,000 after acquiring an additional 29,050 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Sysco by 3.7% in the third quarter. Stifel Financial Corp now owns 503,956 shares of the company’s stock valued at $39,338,000 after purchasing an additional 18,052 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Sysco by 76.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 135,362 shares of the company’s stock worth $10,256,000 after purchasing an additional 58,430 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SYY has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Sysco from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. UBS Group reduced 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. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, Guggenheim reissued a “buy” rating and issued a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $84.77.

Sysco Price Performance

Shares of SYY opened at $71.41 on Monday. The company’s 50-day moving average is $73.07 and its 200-day moving average is $75.04. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The firm has a market capitalization of $34.94 billion, a PE ratio of 18.36, a PEG ratio of 1.88 and a beta of 0.91. Sysco Co. has a fifty-two week low of $68.81 and a fifty-two week high of $82.23.

Sysco (NYSE:SYY) last released its quarterly earnings results 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 net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the company posted $0.89 EPS. Equities 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. Shareholders of record on Friday, April 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s payout ratio is 52.44%.

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.