Seaward Management Limited Partnership decreased its stake in shares of Sysco Corporation (NYSE:SYY) by 6.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 45,567 shares of the company’s stock after selling 3,250 shares during the period. Seaward Management Limited Partnership’s holdings in Sysco Corporation were worth $2,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Personal Financial Services raised its holdings in shares of Sysco Corporation by 293.2% in the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after acquiring an additional 1,463 shares in the last quarter. Arcadia Investment Management Corp MI raised its holdings in shares of Sysco Corporation by 10.7% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after acquiring an additional 225 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Sysco Corporation by 84.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after acquiring an additional 1,100 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Sysco Corporation by 13.4% in the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after acquiring an additional 300 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its holdings in shares of Sysco Corporation by 0.4% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after acquiring an additional 12 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sysco Corporation (NYSE SYY) traded up $0.41 during midday trading on Friday, hitting $54.89. The company had a trading volume of 2,739,586 shares, compared to its average volume of 2,546,478. The stock has a market cap of $28,600.77, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. Sysco Corporation has a 52 week low of $48.85 and a 52 week high of $57.23.

Sysco Corporation (NYSE:SYY) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. The company had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.43 billion. Sysco Corporation had a return on equity of 58.47% and a net margin of 2.12%. Sysco Corporation’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. sell-side analysts anticipate that Sysco Corporation will post 2.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.62%. This is a boost from Sysco Corporation’s previous quarterly dividend of $0.33. Sysco Corporation’s dividend payout ratio (DPR) is currently 60.00%.

In related news, CEO William J. Delaney III sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the transaction, the chief executive officer now directly owns 526,725 shares in the company, valued at approximately $28,469,486.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $51.31, for a total value of $1,539,300.00. Following the transaction, the chief executive officer now owns 406,725 shares in the company, valued at $20,869,059.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,275,781 shares of company stock worth $122,319,128. 9.60% of the stock is owned by corporate insiders.

SYY has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 price target on shares of Sysco Corporation in a report on Friday, August 4th. Pivotal Research reaffirmed a “hold” rating and issued a $53.00 price target on shares of Sysco Corporation in a report on Sunday, November 5th. Royal Bank Of Canada set a $50.00 price target on Sysco Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco Corporation in a report on Tuesday, September 12th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $56.42.

ILLEGAL ACTIVITY NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/seaward-management-limited-partnership-sells-3250-shares-of-sysco-corporation-syy/1714245.html.

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.

Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Corporation (NYSE:SYY).

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 Analyst Ratings Network's FREE daily email newsletter.