Sysco Corporation (SYY) Stake Decreased by Outfitter Advisors LTD.

Outfitter Advisors LTD. reduced its holdings in Sysco Corporation (NYSE:SYY) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,377 shares of the company’s stock after selling 75 shares during the period. Outfitter Advisors LTD.’s holdings in Sysco Corporation were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Kistler Tiffany Companies LLC lifted 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 buying an additional 12 shares in the last quarter. Buckingham Asset Management LLC lifted its stake in shares of 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 in the last quarter. Schnieders Capital Management LLC lifted its stake in shares of Sysco Corporation by 0.4% in the second quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock worth $205,000 after buying an additional 18 shares in the last quarter. Blue Chip Partners Inc. lifted its stake in shares of 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 in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of 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 in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Wayne Shurts sold 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $50.82, for a total value of $396,396.00. Following the transaction, the executive vice president now owns 58,776 shares in the company, valued at $2,986,996.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Delaney III sold 30,000 shares of the firm’s 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 owns 406,725 shares in the company, valued at approximately $20,303,712. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,724,714 shares of company stock worth $92,456,142. Insiders own 8.81% of the company’s stock.

Several research firms have recently weighed in on SYY. BidaskClub downgraded shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research note on Friday, June 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price target on shares of Sysco Corporation in a research note on Friday, August 4th. BMO Capital Markets set a $60.00 target price on shares of Sysco Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Pivotal Research set a $53.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Sunday, August 13th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $56.17.

Shares of Sysco Corporation (NYSE SYY) traded down 0.93% during midday trading on Friday, hitting $53.37. 2,382,026 shares of the company’s stock were exchanged. Sysco Corporation has a one year low of $47.15 and a one year high of $57.07. The stock’s 50-day moving average price is $52.31 and its 200 day moving average price is $52.57. The firm has a market cap of $28.17 billion, a PE ratio of 25.66 and a beta of 0.52.

Sysco Corporation (NYSE:SYY) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $14.40 billion for 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 revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. Equities research analysts forecast that Sysco Corporation will post $2.76 EPS for the current year.

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

WARNING: This article was posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://baseballnewssource.com/markets/outfitter-advisors-ltd-reduces-stake-in-sysco-corporation-syy/1599716.html.

Sysco Corporation 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.

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

Receive News & Ratings for Sysco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco Corporation and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.