Usca Ria LLC grew its stake in shares of Sysco Corporation (NYSE:SYY) by 167.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,401 shares of the company’s stock after acquiring an additional 20,901 shares during the period. Usca Ria LLC’s holdings in Sysco Corporation were worth $1,681,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Sysco Corporation by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 37,910,943 shares of the company’s stock valued at $1,968,336,000 after acquiring an additional 1,064,162 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Sysco Corporation by 2,088.2% during the 1st quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock valued at $1,672,219,000 after acquiring an additional 30,735,711 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Sysco Corporation by 1.2% during the 1st quarter. Ameriprise Financial Inc. now owns 9,837,807 shares of the company’s stock valued at $510,776,000 after acquiring an additional 118,939 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sysco Corporation by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 6,688,003 shares of the company’s stock valued at $347,241,000 after acquiring an additional 385,492 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Sysco Corporation by 47.6% during the 2nd quarter. American Century Companies Inc. now owns 5,054,930 shares of the company’s stock valued at $254,415,000 after acquiring an additional 1,629,990 shares in the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.
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In other news, insider Wayne Shurts sold 15,600 shares of Sysco Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $53.27, for a total value of $831,012.00. Following the completion of the transaction, the insider now owns 58,776 shares of the company’s stock, valued at approximately $3,130,997.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Delaney III sold 30,000 shares of Sysco Corporation stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $49.92, for a total transaction of $1,497,600.00. Following the completion of the transaction, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at approximately $20,303,712. The disclosure for this sale can be found here. In the last three months, insiders sold 524,714 shares of company stock valued at $27,628,142. Insiders own 8.81% of the company’s stock.
Shares of Sysco Corporation (SYY) opened at 53.66 on Friday. The company has a market capitalization of $28.33 billion, a PE ratio of 25.80 and a beta of 0.52. The firm’s 50-day moving average is $52.22 and its 200-day moving average is $52.56. Sysco Corporation has a 12-month low of $47.15 and a 12-month high of $57.07.
Sysco Corporation (NYSE:SYY) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.35 billion. During the same quarter last year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Sysco Corporation will post $2.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s dividend payout ratio (DPR) is presently 63.16%.
Several research firms have recently commented on SYY. BMO Capital Markets restated an “outperform” rating on shares of Sysco Corporation in a report on Tuesday, September 12th. Zacks Investment Research cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a report on Monday, August 14th. Pivotal Research set a $53.00 price objective on shares of Sysco Corporation and gave the stock a “hold” rating in a report on Sunday, August 13th. Finally, Royal Bank Of Canada set a $50.00 price objective on shares of Sysco Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Sysco Corporation presently has a consensus rating of “Hold” and a consensus price target of $56.17.
Sysco Corporation Company Profile
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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