Woodmont Investment Counsel LLC boosted its stake in Sysco Corporation (NYSE:SYY) by 19.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,120 shares of the company’s stock after acquiring an additional 3,130 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Sysco Corporation were worth $962,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC boosted its stake in Sysco Corporation by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after purchasing an additional 12 shares during the last quarter. Buckingham Asset Management LLC boosted its stake in Sysco Corporation by 0.3% during the 1st quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock worth $307,000 after purchasing an additional 16 shares during the last quarter. Schnieders Capital Management LLC boosted its stake in Sysco Corporation by 0.4% during the 2nd quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock worth $205,000 after purchasing an additional 18 shares during the last quarter. Blue Chip Partners Inc. boosted its stake in Sysco Corporation by 0.6% during the 2nd quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock worth $149,000 after purchasing an additional 18 shares during the last quarter. Finally, Northwest Quadrant Wealth Management LLC boosted its stake in Sysco Corporation by 0.6% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 5,169 shares of the company’s stock worth $269,000 after purchasing an additional 29 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Sysco Corporation (NYSE:SYY) opened at 54.23 on Friday. Sysco Corporation has a 12 month low of $47.15 and a 12 month high of $57.07. The stock’s 50 day moving average is $53.15 and its 200 day moving average is $52.73. The firm has a market cap of $28.63 billion, a PE ratio of 26.07 and a beta of 0.52.

Sysco Corporation (NYSE:SYY) last posted its quarterly earnings data on Monday, August 14th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 53.25% and a net margin of 2.06%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. On average, equities analysts forecast that Sysco Corporation will post $2.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s payout ratio is currently 63.16%.

In other Sysco Corporation news, Director Trian Fund Management, L.P. purchased 889,561 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were purchased at an average cost of $53.68 per share, with a total value of $47,751,634.48. Following the purchase, the director now owns 5,529 shares in the company, valued at $296,796.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul T. Moskowitz sold 16,667 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $54.12, for a total value of $902,018.04. Following the completion of the sale, the insider now directly owns 61,936 shares in the company, valued at $3,351,976.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,141,381 shares of company stock worth $114,829,988. Corporate insiders own 8.81% of the company’s stock.

Several brokerages have issued reports on SYY. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco Corporation in a research note on Tuesday, September 12th. Zacks Investment Research cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a research note on Monday, August 14th. 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. Finally, Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $56.17.

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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.

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

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