Sysco Co. (NYSE:SYY) Shares Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lifted its holdings in Sysco Co. (NYSE:SYY) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,459 shares of the company’s stock after buying an additional 660 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Sysco were worth $3,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYY. Boston Partners boosted its position in shares of Sysco by 143.7% during the 4th quarter. Boston Partners now owns 12,184,114 shares of the company’s stock worth $930,296,000 after purchasing an additional 7,184,754 shares in the last quarter. Norges Bank acquired a new stake in shares of Sysco in the fourth quarter valued at about $450,441,000. Capital Research Global Investors boosted its holdings in Sysco by 27.3% during the fourth quarter. Capital Research Global Investors now owns 8,991,476 shares of the company’s stock worth $687,488,000 after buying an additional 1,928,002 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in Sysco during the fourth quarter worth about $123,928,000. Finally, Raymond James Financial Inc. purchased a new position in Sysco in the fourth quarter valued at about $97,078,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity

In other news, Director Sheila Talton sold 356 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total transaction of $25,219.04. Following the completion of the sale, the director now directly owns 12,738 shares of the company’s stock, valued at $902,359.92. The trade was a 2.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Sysco Stock Performance

Shares of SYY opened at $75.41 on Friday. The company has a market capitalization of $36.56 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.88 and a beta of 0.81. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. Sysco Co. has a 1 year low of $67.12 and a 1 year high of $82.23. The company’s 50 day simple moving average is $71.85 and its 200 day simple moving average is $73.70.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.06). The business had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.11 billion. Sysco had a return on equity of 106.30% and a net margin of 2.40%. Sysco’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 EPS. On average, sell-side analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be issued a $0.54 dividend. This is a boost from Sysco’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.16 annualized dividend and a yield of 2.86%. Sysco’s payout ratio is 55.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup assumed coverage on Sysco in a research report on Thursday, May 22nd. They set a “neutral” rating and a $78.00 target price on the stock. Barclays dropped their price target on Sysco from $87.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 price objective on shares of Sysco and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. Finally, UBS Group dropped their target price on shares of Sysco from $86.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

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.