Charles Schwab Investment Management Inc. Acquires 91,828 Shares of Sysco Co. (NYSE:SYY)

Charles Schwab Investment Management Inc. raised its stake in Sysco Co. (NYSE:SYY) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,038,654 shares of the company’s stock after purchasing an additional 91,828 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of Sysco worth $232,335,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its holdings in Sysco by 6.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 20,411 shares of the company’s stock valued at $1,561,000 after acquiring an additional 1,208 shares during the period. Schechter Investment Advisors LLC lifted its holdings in Sysco by 46.1% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,421 shares of the company’s stock worth $1,179,000 after purchasing an additional 4,866 shares during the last quarter. Plato Investment Management Ltd boosted its stake in Sysco by 3.5% in the 4th quarter. Plato Investment Management Ltd now owns 11,012 shares of the company’s stock valued at $845,000 after purchasing an additional 376 shares during the period. SBI Securities Co. Ltd. acquired a new position in Sysco in the 4th quarter valued at $54,000. Finally, Jones Financial Companies Lllp increased its position in Sysco by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 46,692 shares of the company’s stock worth $3,570,000 after buying an additional 14,568 shares during the period. 83.41% of the stock is owned by institutional investors.

Sysco Stock Up 0.8 %

SYY stock opened at $75.04 on Friday. The stock has a market capitalization of $36.71 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. 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 50-day moving average price of $73.47 and a 200-day moving average price of $75.62. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33.

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 quarter last year, the company posted $0.89 EPS. As a group, equities research analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.72%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Insider Activity

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SYY shares. Jefferies Financial Group upped their price target 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. Wells Fargo & Company lifted their price target 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 lowered their price objective on Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. UBS Group dropped their price objective on Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley reduced their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.77.

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.