Prudential PLC Acquires 1,044 Shares of Sysco Co. (NYSE:SYY)

Prudential PLC increased its holdings in Sysco Co. (NYSE:SYY) by 6.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,262 shares of the company’s stock after purchasing an additional 1,044 shares during the period. Prudential PLC’s holdings in Sysco were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Buckley Wealth Management LLC lifted its holdings in shares of Sysco by 0.8% in the fourth quarter. Buckley Wealth Management LLC now owns 18,188 shares of the company’s stock worth $1,391,000 after buying an additional 150 shares in the last quarter. WR Wealth Planners LLC lifted its stake in Sysco by 9.9% in the 4th quarter. WR Wealth Planners LLC now owns 4,270 shares of the company’s stock worth $326,000 after purchasing an additional 386 shares in the last quarter. Clark & Stuart Inc bought a new position in Sysco in the 4th quarter valued at $7,613,000. Boston Trust Walden Corp grew its position in shares of Sysco by 179.5% during the 4th quarter. Boston Trust Walden Corp now owns 804,345 shares of the company’s stock valued at $61,500,000 after purchasing an additional 516,585 shares in the last quarter. Finally, Lmcg Investments LLC bought a new position in shares of Sysco in the fourth quarter worth $3,668,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on SYY. Morgan Stanley dropped their price objective on Sysco from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group boosted their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Wells Fargo & Company increased their price target on shares of Sysco from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Melius began coverage on shares of Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.77.

Sysco Trading Down 2.9 %

NYSE SYY opened at $69.40 on Tuesday. The stock has a 50-day moving average of $72.92 and a 200-day moving average of $75.01. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 1-year low of $68.65 and a 1-year high of $82.23. The firm has a market cap of $33.95 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting 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 firm earned $0.89 earnings per share. As a group, sell-side analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is 52.44%.

Sysco Company 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.