Paragon Capital Management Ltd maintained its stake in Sysco Corporation (NYSE:SYY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,827 shares of the company’s stock at the end of the second quarter. Paragon Capital Management Ltd’s holdings in Sysco Corporation were worth $394,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC raised its stake 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 raised 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 valued at $307,000 after buying an additional 16 shares in the last quarter. Blue Chip Partners Inc. raised 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 valued at $153,000 after buying an additional 19 shares in the last quarter. Sequoia Financial Advisors LLC raised 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 valued at $218,000 after buying an additional 50 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in shares of 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 valued at $1,165,000 after buying an additional 68 shares in the last quarter. 78.49% of the stock is owned by institutional investors and hedge funds.

Shares of Sysco Corporation (NYSE:SYY) traded down 0.78% on Wednesday, reaching $51.19. The company’s stock had a trading volume of 1,813,152 shares. Sysco Corporation has a 12-month low of $47.15 and a 12-month high of $57.07. The company’s 50-day moving average is $51.01 and its 200 day moving average is $52.58. The company has a market capitalization of $27.40 billion, a price-to-earnings ratio of 26.98 and a beta of 0.52.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.35 billion. Sysco Corporation had a return on equity of 52.09% and a net margin of 2.06%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. Equities analysts anticipate that Sysco Corporation will post $2.76 earnings per share for the current fiscal year.

The firm 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 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s dividend payout ratio (DPR) is 63.16%.

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Several brokerages have recently issued reports on SYY. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. BidaskClub lowered Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 target price on shares of Sysco Corporation in a research report on Friday, August 4th. Zacks Investment Research lowered Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets set a $60.00 target price on Sysco Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sysco Corporation presently has a consensus rating of “Hold” and a consensus price target of $56.02.

In other news, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $55.32, for a total value of $862,992.00. Following the completion of the transaction, the insider now owns 58,776 shares of the company’s stock, valued at $3,251,488.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $49.92, for a total value 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 ninety days, insiders sold 122,400 shares of company stock valued at $6,494,700. Corporate insiders own 8.81% of the company’s stock.

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.

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

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