Robeco Institutional Asset Management B.V. Sells 15,804 Shares of Sysco Co. (NYSE:SYY)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Sysco Co. (NYSE:SYY) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,191 shares of the company’s stock after selling 15,804 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Sysco were worth $4,832,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AMF Tjanstepension AB increased its holdings in shares of Sysco by 185.5% during the third quarter. AMF Tjanstepension AB now owns 31,332 shares of the company’s stock worth $2,446,000 after buying an additional 20,356 shares in the last quarter. Czech National Bank raised its position in Sysco by 5.6% in the third quarter. Czech National Bank now owns 100,176 shares of the company’s stock valued at $7,820,000 after purchasing an additional 5,281 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Sysco by 3.8% during the third quarter. Handelsbanken Fonder AB now owns 285,695 shares of the company’s stock valued at $22,301,000 after purchasing an additional 10,530 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Sysco by 23.9% during the third quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock worth $448,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Sysco in the third quarter valued at approximately $209,000. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Trading Down 0.7 %

NYSE:SYY opened at $72.79 on Monday. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company has a current ratio of 1.20, a quick ratio of 0.73 and a debt-to-equity ratio of 5.66. The stock has a market capitalization of $35.76 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.96 and a beta of 1.18. The firm has a fifty day simple moving average of $76.30 and a two-hundred day simple moving average of $76.01.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the prior year, the firm posted $0.89 earnings per share. Analysts expect that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.80%. Sysco’s payout ratio is 52.44%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. UBS Group reduced their price objective 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. Barclays lowered their target price on Sysco from $93.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.85.

Insider Buying and Selling at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eve M. Mcfadden sold 6,499 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,270 shares of company stock valued at $6,181,946. Corporate insiders own 0.54% of the company’s stock.

About Sysco

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.