1 week Ago By ABMN Staff
Everence Capital Management Inc. reduced its position in Sysco Co. ( NYSE:SYY – Free Report ) by 14.
8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,990 shares of the company’s stock after selling 1,560 shares during the quarter.
Everence Capital Management Inc.’s holdings in Sysco were worth $687,000 as of its most recent filing with the SEC. Other large investors also recently bought and sold shares of the company.
State Street Corp increased its stake in shares of Sysco by 11.1% during the third quarter. State Street Corp now owns 27,294,612 shares of the company’s stock worth $2,130,617,000 after acquiring an additional 2,721,449 shares during the period.
ProShare Advisors LLC increased its position in Sysco by 103.0% during the 2nd quarter. ProShare Advisors LLC now owns 4,746,176 shares of the company’s stock worth $338,830,000 after purchasing an additional 2,408,226 shares during the period.
Diamond Hill Capital Management Inc. raised its stake in shares of Sysco by 49.8% during the 2nd quarter.
Diamond Hill Capital Management Inc. now owns 6,012,607 shares of the company’s stock worth $429,240,000 after buying an additional 1,997,895 shares in the last quarter. Ameriprise Financial Inc.
lifted its holdings in shares of Sysco by 26.1% in the 2nd quarter. Ameriprise Financial Inc.
now owns 8,623,178 shares of the company’s stock valued at $615,076,000 after buying an additional 1,782,180 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Sysco in the third quarter valued at approximately $137,900,000.
Hedge funds and other institutional investors own 83.41% of the company’s stock. Sysco Stock Down 0.
4 % Shares of NYSE:SYY opened at $75.43 on Friday. The company has a market capitalization of $37.
05 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.10 and a beta of 1.
18. The stock’s fifty day simple moving average is $77.04 and its 200-day simple moving average is $75.
67. Sysco Co. has a 52-week low of $69.
03 and a 52-week high of $82.89. The company has a quick ratio of 0.
73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.
Sysco Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be issued a $0.51 dividend.
The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 annualized dividend and a yield of 2.
70%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.
Analyst Ratings Changes Several research firms have issued reports on SYY. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.
00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Melius started coverage on shares of Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.
00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Sysco from $85.
00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 16th. StockNews.
com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group raised their price objective on Sysco from $91.00 to $95.
00 and gave the company a “buy” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.
93. Read Our Latest Report on SYY Insiders Place Their Bets In other news, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction dated Thursday, January 2nd.
The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00.
Following the completion of the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. This represents a 46.03 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction that occurred on Friday, November 1st.
The stock was sold at an average price of $75.10, for a total transaction of $303,103.60.
Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.
69 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 83,306 shares of company stock valued at $6,485,050 in the last quarter.
0.54% of the stock is currently owned by company insiders. Sysco Profile ( Free Report ) Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.
It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.
Read More Want to see what other hedge funds are holding SYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Co. ( NYSE:SYY – Free Report ).
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter ..
