Sysco Co. (NYSE:SYY) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Sysco Co. (NYSE:SYY – Get Rating) by 101.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,393 shares of the company’s stock after acquiring an additional 79,629 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sysco were worth $11,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Standard Family Office LLC acquired a new stake in shares of Sysco during the 3rd quarter worth about $25,000. Karp Capital Management Corp acquired a new position in Sysco during the third quarter worth approximately $27,000. American National Bank increased its position in Sysco by 397.6% during the third quarter. American National Bank now owns 408 shares of the company’s stock worth $29,000 after buying an additional 326 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Sysco during the third quarter worth approximately $32,000. Finally, Focused Wealth Management Inc increased its position in Sysco by 128.7% during the third quarter. Focused Wealth Management Inc now owns 468 shares of the company’s stock worth $33,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Analysts Set New Price Targets

SYY has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on Sysco from $87.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft cut their price target on Sysco from $83.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, February 1st. Argus cut Sysco from a “buy” rating to a “hold” rating in a report on Thursday, February 2nd. Credit Suisse Group dropped their target price on Sysco from $100.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, February 1st. Finally, TheStreet lowered Sysco from a “b” rating to a “c+” rating in a research note on Tuesday, January 31st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.67.

Sysco Price Performance

Shares of NYSE SYY opened at $72.94 on Friday. Sysco Co. has a 1-year low of $70.61 and a 1-year high of $91.53. The business has a 50-day moving average of $77.09 and a 200-day moving average of $79.04. The company has a debt-to-equity ratio of 7.20, a current ratio of 1.24 and a quick ratio of 0.68. The company has a market capitalization of $37.02 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.45 and a beta of 1.10.

Sysco (NYSE:SYY – Get Rating) last issued its earnings results on Tuesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.04). Sysco had a return on equity of 140.94% and a net margin of 1.93%. The company had revenue of $18.59 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the previous year, the company earned $0.57 EPS. Sysco’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts anticipate that Sysco Co. will post 4.04 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Thursday, April 6th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, April 5th. Sysco’s dividend payout ratio is currently 70.76%.

About Sysco

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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.