Sysco Co. (NYSE:SYY) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Sysco Co. (NYSE:SYYGet Rating) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,514,256 shares of the company’s stock after buying an additional 33,379 shares during the quarter. Dimensional Fund Advisors LP owned 0.49% of Sysco worth $205,310,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SYY. KRS Capital Management LLC purchased a new stake in Sysco in the fourth quarter valued at approximately $31,000. DeDora Capital Inc. acquired a new position in Sysco during the 1st quarter worth about $31,000. Column Capital Advisors LLC boosted its holdings in Sysco by 4,900.0% during the 1st quarter. Column Capital Advisors LLC now owns 400 shares of the company’s stock valued at $33,000 after acquiring an additional 392 shares during the period. Mascoma Wealth Management LLC grew its position in Sysco by 80.0% in the 1st quarter. Mascoma Wealth Management LLC now owns 414 shares of the company’s stock valued at $34,000 after acquiring an additional 184 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Sysco during the fourth quarter worth about $39,000. 82.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Sysco news, CFO Aaron E. Alt bought 1,000 shares of the business’s stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average cost of $80.09 per share, with a total value of $80,090.00. Following the acquisition, the chief financial officer now directly owns 14,220 shares of the company’s stock, valued at approximately $1,138,879.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SYY shares. Barclays dropped their price objective on shares of Sysco to $100.00 in a report on Monday, August 15th. Truist Financial decreased their target price on Sysco from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. raised Sysco from a “neutral” rating to an “overweight” rating and set a $98.00 price objective for the company in a research report on Thursday, May 26th. Finally, Credit Suisse Group reduced their target price on shares of Sysco from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average target price of $94.13.

Sysco Stock Up 0.2 %

SYY stock opened at $83.04 on Friday. The company’s 50 day moving average is $85.17 and its two-hundred day moving average is $83.86. Sysco Co. has a twelve month low of $68.05 and a twelve month high of $91.53. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 7.28. The stock has a market cap of $42.03 billion, a P/E ratio of 31.45, a PEG ratio of 2.12 and a beta of 1.01.

Sysco (NYSE:SYYGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 1.98% and a return on equity of 119.55%. The firm had revenue of $18.96 billion during the quarter, compared to analysts’ expectations of $18.29 billion. During the same period in the previous year, the company earned $0.71 earnings per share. Sysco’s quarterly revenue was up 17.5% compared to the same quarter last year. Research analysts expect that Sysco Co. will post 4.21 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 7th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, October 6th. Sysco’s dividend payout ratio (DPR) is 74.24%.

Sysco Company Profile

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Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily 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.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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