Public Employees Retirement System of Ohio continued to hold its position in shares of Sysco Corporation (NYSE:SYY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,017 shares of the company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Sysco Corporation were worth $18,744,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Sysco Corporation by 2,088.2% in the first quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock worth $1,672,219,000 after buying an additional 30,735,711 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Sysco Corporation by 86.7% in the first quarter. Victory Capital Management Inc. now owns 2,426,247 shares of the company’s stock worth $125,971,000 after buying an additional 1,126,573 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Sysco Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 37,910,943 shares of the company’s stock worth $1,968,336,000 after buying an additional 1,064,162 shares in the last quarter. Hermes Investment Management Ltd. acquired a new position in shares of Sysco Corporation during the first quarter worth about $41,568,000. Finally, Bank of America Corp DE increased its position in shares of Sysco Corporation by 18.3% in the first quarter. Bank of America Corp DE now owns 4,745,874 shares of the company’s stock worth $246,405,000 after buying an additional 733,433 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Sysco Corporation (NYSE SYY) traded up 0.75% during trading on Friday, hitting $51.25. The stock had a trading volume of 1,086,949 shares. The firm has a market cap of $27.43 billion, a P/E ratio of 27.02 and a beta of 0.52. The stock’s 50 day moving average price is $50.96 and its 200 day moving average price is $52.62. Sysco Corporation has a 12-month low of $47.15 and a 12-month high of $57.07.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $13.52 billion for the quarter, compared to analyst estimates of $13.14 billion. Sysco Corporation had a return on equity of 47.28% and a net margin of 1.93%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. On average, analysts anticipate that Sysco Corporation will post $2.47 EPS 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 issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.59%. Sysco Corporation’s payout ratio is 69.47%.

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SYY has been the topic 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. BMO Capital Markets reiterated a “buy” rating and set a $60.00 price target on shares of Sysco Corporation in a research report on Tuesday, June 27th. Bank of America Corporation reiterated a “buy” rating and set a $61.00 price target on shares of Sysco Corporation in a research report on Monday, June 26th. Zacks Investment Research upgraded Sysco Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $57.00 price target on shares of Sysco Corporation in a research report on Friday, June 23rd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.02.

In other news, EVP Wayne Shurts sold 7,800 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $50.82, for a total transaction of $396,396.00. Following the completion of the sale, the executive vice president now directly owns 58,776 shares in the company, valued at approximately $2,986,996.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $54.22, for a total value of $1,626,600.00. Following the sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at $22,052,629.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,400 shares of company stock valued at $8,121,300. 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.

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

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