Dana Investment Advisors Inc. grew its stake in shares of SYSCO Co. (NYSE:SYY) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 486,109 shares of the company’s stock after purchasing an additional 12,878 shares during the quarter. SYSCO accounts for 1.5% of Dana Investment Advisors Inc.’s holdings, making the stock its 16th largest position. Dana Investment Advisors Inc.’s holdings in SYSCO were worth $30,460,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of SYSCO by 3.9% in the third quarter. Vanguard Group Inc. now owns 41,599,601 shares of the company’s stock valued at $3,047,170,000 after purchasing an additional 1,549,255 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of SYSCO by 3.9% in the third quarter. Vanguard Group Inc now owns 41,599,601 shares of the company’s stock valued at $3,047,170,000 after purchasing an additional 1,549,255 shares in the last quarter. BlackRock Inc. grew its holdings in shares of SYSCO by 4.7% in the fourth quarter. BlackRock Inc. now owns 33,625,346 shares of the company’s stock valued at $2,106,966,000 after purchasing an additional 1,502,847 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of SYSCO by 18,997.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,960,810 shares of the company’s stock valued at $159,000 after purchasing an additional 9,908,653 shares in the last quarter. Finally, Parnassus Investments CA grew its holdings in shares of SYSCO by 18.8% in the fourth quarter. Parnassus Investments CA now owns 8,359,497 shares of the company’s stock valued at $523,806,000 after purchasing an additional 1,320,866 shares in the last quarter. Hedge funds and other institutional investors own 79.38% of the company’s stock.

NYSE SYY opened at $66.12 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 3.70. The firm has a market cap of $34.12 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.89 and a beta of 0.54. SYSCO Co. has a 52 week low of $58.12 and a 52 week high of $75.98.

SYSCO (NYSE:SYY) last posted its quarterly earnings data on Monday, February 4th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.75 billion. SYSCO had a net margin of 2.48% and a return on equity of 71.45%. SYSCO’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. Analysts predict that SYSCO Co. will post 3.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, April 4th. SYSCO’s dividend payout ratio is currently 49.68%.

A number of research analysts recently weighed in on SYY shares. Pivotal Research reissued a “sell” rating and issued a $54.00 target price on shares of SYSCO in a report on Friday, February 1st. Zacks Investment Research lowered shares of SYSCO from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Loop Capital set a $75.00 target price on shares of SYSCO and gave the company a “buy” rating in a report on Tuesday, February 5th. Finally, Bank of America lowered shares of SYSCO from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. SYSCO presently has a consensus rating of “Hold” and an average price target of $72.92.

In other news, insider Russell T. Libby sold 60,156 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $63.40, for a total transaction of $3,813,890.40. Following the completion of the sale, the insider now directly owns 62,597 shares of the company’s stock, valued at $3,968,649.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. sold 707,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $66.30, for a total transaction of $46,874,100.00. The disclosure for this sale can be found here. Insiders have sold 789,477 shares of company stock valued at $52,157,382 over the last three months. Insiders own 7.88% of the company’s stock.

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SYSCO Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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