Blair William & Co. IL Has $22.63 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Blair William & Co. IL lowered its stake in Sysco Co. (NYSE:SYY) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 278,723 shares of the company’s stock after selling 1,091 shares during the period. Blair William & Co. IL owned approximately 0.06% of Sysco worth $22,627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SYY. Capital World Investors bought a new stake in shares of Sysco during the 4th quarter worth $683,599,000. Norges Bank bought a new position in shares of Sysco during the fourth quarter worth about $450,794,000. The Manufacturers Life Insurance Company raised its position in shares of Sysco by 132.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,653,446 shares of the company’s stock worth $267,177,000 after acquiring an additional 2,084,501 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Sysco during the 4th quarter valued at about $227,241,000. Finally, Dimensional Fund Advisors LP increased its holdings in Sysco by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,036,100 shares of the company’s stock worth $222,029,000 after purchasing an additional 240,671 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

SYY traded down $0.73 on Friday, hitting $73.63. 2,037,230 shares of the company’s stock traded hands, compared to its average volume of 3,096,198. Sysco Co. has a one year low of $62.24 and a one year high of $82.89. The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 5.77. The firm has a market cap of $36.67 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 2.02 and a beta of 1.18. The company’s 50 day simple moving average is $72.66 and its 200-day simple moving average is $76.16.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Sysco had a return on equity of 99.88% and a net margin of 2.66%. The business had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $19.74 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that Sysco Co. will post 4.3 EPS for the current year.

Sysco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 5th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.77%. This is an increase from Sysco’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, July 5th. Sysco’s dividend payout ratio is presently 49.76%.

Analyst Ratings Changes

SYY has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Sysco from $92.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. BMO Capital Markets dropped their price objective on Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. Morgan Stanley dropped their target price on Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Barclays dropped their price objective on shares of Sysco from $88.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Sysco from $87.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.