Meeder Advisory Services Inc. Acquires 2,181 Shares of Sysco Co. (NYSE:SYY)

Meeder Advisory Services Inc. grew its holdings in shares of Sysco Co. (NYSE:SYY) by 22.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,725 shares of the company’s stock after purchasing an additional 2,181 shares during the period. Meeder Advisory Services Inc.’s holdings in Sysco were worth $896,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fortem Financial Group LLC lifted its position in Sysco by 3.6% during the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company’s stock valued at $296,000 after purchasing an additional 136 shares during the last quarter. MV Capital Management Inc. lifted its holdings in shares of Sysco by 0.4% during the 4th quarter. MV Capital Management Inc. now owns 34,330 shares of the company’s stock worth $2,625,000 after acquiring an additional 144 shares during the last quarter. Morton Community Bank grew its position in Sysco by 0.4% in the fourth quarter. Morton Community Bank now owns 40,585 shares of the company’s stock worth $3,103,000 after acquiring an additional 145 shares in the last quarter. Nemes Rush Group LLC grew its position in Sysco by 5.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,631 shares of the company’s stock worth $201,000 after acquiring an additional 147 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.0 %

NYSE SYY opened at $75.27 on Friday. 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 fifty-two week low of $69.03 and a fifty-two week high of $82.23. The stock has a market cap of $36.82 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The stock has a 50 day simple moving average of $73.14 and a two-hundred day simple moving average of $75.10.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the company earned $0.89 EPS. On average, analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s payout ratio is currently 52.44%.

Wall Street Analyst Weigh In

SYY has been the subject of a number of research reports. Melius Research upgraded Sysco to a “hold” rating in a report on Wednesday, December 18th. Wells Fargo & Company increased their price target on shares of Sysco from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. UBS Group decreased their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Melius began coverage on shares of Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective for the company. Finally, StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.77.

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.