Banque Cantonale Vaudoise Has $457,000 Holdings in Sysco Co. (NYSE:SYY)

Banque Cantonale Vaudoise trimmed its position in Sysco Co. (NYSE:SYY – Get Rating) by 42.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,968 shares of the company’s stock after selling 4,400 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Sysco were worth $457,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Associated Banc Corp raised its stake in shares of Sysco by 0.7% in the fourth quarter. Associated Banc Corp now owns 163,663 shares of the company’s stock valued at $12,512,000 after purchasing an additional 1,181 shares in the last quarter. Heritage Trust Co bought a new stake in Sysco in the fourth quarter valued at $207,000. TCTC Holdings LLC grew its position in Sysco by 4.4% in the fourth quarter. TCTC Holdings LLC now owns 23,911 shares of the company’s stock valued at $1,828,000 after acquiring an additional 1,001 shares during the period. Argent Trust Co grew its position in Sysco by 19.9% in the fourth quarter. Argent Trust Co now owns 23,875 shares of the company’s stock valued at $1,825,000 after acquiring an additional 3,959 shares during the period. Finally, CHURCHILL MANAGEMENT Corp grew its position in Sysco by 2.4% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 132,142 shares of the company’s stock valued at $10,102,000 after acquiring an additional 3,127 shares during the period. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Sysco Price Performance

Sysco stock opened at $70.51 on Friday. The business’s 50-day simple moving average is $75.04 and its 200 day simple moving average is $77.89. Sysco Co. has a 12-month low of $69.96 and a 12-month high of $88.84. The stock has a market cap of $35.73 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.38 and a beta of 1.11. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 6.51.

Sysco (NYSE:SYY – Get Rating) last announced its earnings results on Tuesday, May 2nd. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Sysco had a net margin of 2.05% and a return on equity of 141.53%. The firm had revenue of $18.88 billion during the quarter, compared to analyst estimates of $18.56 billion. During the same period in the prior year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that Sysco Co. will post 4 earnings per share for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.84%. This is an increase from Sysco’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, July 6th. Sysco’s dividend payout ratio (DPR) is currently 64.90%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SYY. 51job reiterated a “maintains” rating on shares of Sysco in a research report on Wednesday, May 3rd. Barclays lowered their price target on Sysco from $87.00 to $85.00 in a research report on Wednesday, May 3rd. JPMorgan Chase & Co. lowered their price target on Sysco from $84.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 21st. Credit Suisse Group decreased their target price on Sysco from $94.00 to $88.00 in a report on Wednesday, May 3rd. Finally, Stephens restated an “overweight” rating and set a $90.00 target price on shares of Sysco in a report on Tuesday, March 28th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.27.

Sysco Profile

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Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S.