OLD Republic International Corp Has $31,577,000 Stake in Sysco Corporation (NYSE:SYY)

OLD Republic International Corp maintained its position in Sysco Corporation (NYSE:SYY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 627,400 shares of the company’s stock at the close of the 2nd quarter. OLD Republic International Corp owned approximately 0.12% of Sysco Corporation worth $31,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kistler Tiffany Companies LLC grew its stake in shares of Sysco Corporation by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after purchasing an additional 12 shares during the last quarter. Buckingham Asset Management LLC lifted its holdings in Sysco Corporation by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock valued at $307,000 after buying an additional 16 shares during the period. Schnieders Capital Management LLC lifted its holdings in Sysco Corporation by 0.4% in the second quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock valued at $205,000 after buying an additional 18 shares during the period. Blue Chip Partners Inc. lifted its holdings in Sysco Corporation by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock valued at $153,000 after buying an additional 19 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Sysco Corporation by 1.2% in the first quarter. Sequoia Financial Advisors LLC now owns 4,198 shares of the company’s stock valued at $218,000 after buying an additional 50 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, insider Wayne Shurts sold 15,600 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $50.87, for a total value of $793,572.00. Following the completion of the transaction, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $2,989,935.12. The sale 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, 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 $20,303,712. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,724,714 shares of company stock valued at $92,456,142. Insiders own 8.81% of the company’s stock.

Shares of Sysco Corporation (NYSE SYY) opened at 53.37 on Friday. The company’s 50 day moving average is $52.31 and its 200-day moving average is $52.57. The stock has a market capitalization of $28.17 billion, a PE ratio of 25.66 and a beta of 0.52. Sysco Corporation has a 52 week low of $47.15 and a 52 week high of $57.07.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings results on Monday, August 14th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, equities analysts predict that Sysco Corporation will post $2.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s payout ratio is 63.16%.

Several equities analysts recently issued reports on SYY shares. Jefferies Group LLC restated a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a report on Friday, August 4th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $57.00 price objective on shares of Sysco Corporation in a report on Friday, June 23rd. BMO Capital Markets reiterated a “buy” rating and set a $60.00 price objective on shares of Sysco Corporation in a report on Tuesday, June 27th. Royal Bank Of Canada set a $50.00 price objective on shares of Sysco Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Finally, Pivotal Research set a $53.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research report on Sunday, August 13th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $56.17.

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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