Dorsey & Whitney Trust CO LLC increased its holdings in Sysco Corporation (NYSE:SYY) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,237 shares of the company’s stock after purchasing an additional 150 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Sysco Corporation were worth $617,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TrimTabs Asset Management LLC boosted its holdings in Sysco Corporation by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock valued at $112,000 after acquiring an additional 1,016 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake in Sysco Corporation by 10.7% during the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock worth $118,000 after acquiring an additional 225 shares during the last quarter. Manchester Capital Management LLC increased its stake in Sysco Corporation by 13.4% during the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock worth $128,000 after acquiring an additional 300 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in Sysco Corporation by 0.4% during the first quarter. Kistler Tiffany Companies LLC now owns 2,903 shares of the company’s stock worth $151,000 after acquiring an additional 13 shares during the last quarter. Finally, Blue Chip Partners Inc. increased its stake in Sysco Corporation by 0.6% during the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock worth $153,000 after acquiring an additional 19 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Sysco Corporation (SYY) opened at 53.95 on Monday. Sysco Corporation has a one year low of $47.15 and a one year high of $57.07. The company has a 50-day moving average price of $52.31 and a 200-day moving average price of $52.57. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 25.94 and a beta of 0.52.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.32 annualized dividend and a yield of 2.45%. Sysco Corporation’s dividend payout ratio is 63.16%.

SYY has been the topic of a number of research reports. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research note on Friday, June 23rd. BMO Capital Markets restated a “buy” rating and issued a $60.00 price target on shares of Sysco Corporation in a report on Tuesday, June 27th. Bank of America Corporation reiterated a “buy” rating and set a $61.00 price objective on shares of Sysco Corporation in a research note on Monday, June 26th. Zacks Investment Research upgraded Sysco Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Friday, July 21st. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $57.00 price objective on shares of Sysco Corporation in a report on Friday, June 23rd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $56.17.

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In other news, EVP Wayne Shurts sold 7,800 shares of Sysco Corporation 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Delaney III sold 30,000 shares of Sysco Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $51.31, for a total transaction of $1,539,300.00. Following the completion of the transaction, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $20,869,059.75. The disclosure for this sale can be found here. Insiders have sold 2,124,714 shares of company stock worth $113,927,970 over the last ninety days. Insiders own 8.81% of the company’s stock.

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.

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

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