Sysco Corporation (NYSE:SYY) Shares Bought by Axa

AXA raised its position in Sysco Corporation (NYSE:SYY) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 442,776 shares of the company’s stock after buying an additional 46,676 shares during the period. AXA owned 0.08% of Sysco Corporation worth $22,989,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SYY. Kistler Tiffany Companies LLC increased its position in Sysco Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,903 shares of the company’s stock worth $151,000 after buying an additional 13 shares during the last quarter. Buckingham Asset Management LLC increased its position in Sysco Corporation by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock worth $307,000 after buying an additional 16 shares during the last quarter. Blue Chip Partners Inc. increased its position in Sysco Corporation by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock worth $153,000 after buying an additional 19 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Sysco Corporation by 1.2% in the first quarter. Sequoia Financial Advisors LLC now owns 4,198 shares of the company’s stock worth $218,000 after buying an additional 50 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. increased its position in Sysco Corporation by 0.3% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 22,445 shares of the company’s stock worth $1,165,000 after buying an additional 68 shares during the last quarter. 78.48% of the stock is owned by institutional investors.

Sysco Corporation (NYSE SYY) traded up 0.44% during midday trading on Friday, reaching $52.33. 2,286,819 shares of the company’s stock traded hands. The company has a market cap of $28.01 billion, a P/E ratio of 27.59 and a beta of 0.52. Sysco Corporation has a 52-week low of $47.15 and a 52-week high of $57.07. The stock has a 50-day moving average of $51.49 and a 200 day moving average of $52.71.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, May 8th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Sysco Corporation had a return on equity of 47.28% and a net margin of 1.93%. The company had revenue of $13.52 billion during the quarter, compared to the consensus estimate of $13.14 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, analysts anticipate that Sysco Corporation will post $2.47 earnings per share 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 paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s dividend payout ratio is currently 69.47%.

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SYY has been the subject of a number of recent analyst reports. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. BidaskClub cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and set a $51.00 target price on shares of Sysco Corporation in a research report on Friday. BMO Capital Markets set a $60.00 target price on shares of Sysco Corporation and gave the stock a “buy” rating in a research report on Thursday. Finally, Loop Capital initiated coverage on shares of Sysco Corporation in a research report on Monday, May 15th. They set a “buy” rating and a $61.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.02.

In other Sysco Corporation news, insider Wayne Shurts sold 15,600 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $54.25, for a total transaction of $846,300.00. Following the completion of the sale, the insider now owns 58,776 shares of the company’s stock, valued at approximately $3,188,598. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $55.55, for a total transaction of $1,666,500.00. Following the sale, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at approximately $22,593,573.75. The disclosure for this sale can be found here. Insiders sold 152,400 shares of company stock valued at $8,121,300 in the last ninety days. 8.81% of the stock is currently owned by insiders.

About Sysco Corporation

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.

Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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