Sysco Corporation (SYY) Holdings Maintained by Loudon Investment Management LLC
Loudon Investment Management LLC maintained its position in Sysco Corporation (NYSE:SYY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,615 shares of the company’s stock at the close of the second quarter. Loudon Investment Management LLC’s holdings in Sysco Corporation were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its position in shares of Sysco Corporation by 81.2% during the 1st quarter. North Star Investment Management Corp. now owns 1,944 shares of the company’s stock valued at $101,000 after acquiring an additional 871 shares during the period. TrimTabs Asset Management LLC grew its position in shares of Sysco Corporation by 88.7% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock valued at $112,000 after acquiring an additional 1,016 shares during the period. Arcadia Investment Management Corp MI grew its position in shares of Sysco Corporation by 10.7% during 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 during the period. Kistler Tiffany Companies LLC grew its position in shares of Sysco Corporation by 0.4% during the 1st quarter. Kistler Tiffany Companies LLC now owns 2,903 shares of the company’s stock valued at $151,000 after acquiring an additional 13 shares during the period. Finally, Blue Chip Partners Inc. grew its position in shares of Sysco Corporation by 0.6% during the 1st quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock valued at $153,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 79.97% of the company’s stock.
A number of equities research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Sysco Corporation in a research report on Tuesday. Zacks Investment Research cut Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Wells Fargo & Company restated a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Pivotal Research set a $53.00 target price on Sysco Corporation and gave the company a “hold” rating in a research report on Sunday, August 13th. Finally, Royal Bank Of Canada set a $50.00 target price on Sysco Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $55.71.
In other Sysco Corporation news, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction dated Wednesday, July 12th. The shares were 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 $20,303,712. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Wayne Shurts sold 15,600 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $51.76, for a total transaction of $807,456.00. Following the completion of the transaction, the insider now directly owns 58,776 shares of the company’s stock, valued at $3,042,245.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,800 shares of company stock valued at $7,102,680. 8.81% of the stock is currently owned by corporate insiders.
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Shares of Sysco Corporation (NYSE SYY) opened at 53.29 on Tuesday. The company has a 50-day moving average price of $52.06 and a 200 day moving average price of $52.54. Sysco Corporation has a 12-month low of $47.15 and a 12-month high of $57.07. The firm has a market capitalization of $28.25 billion, a PE ratio of 25.62 and a beta of 0.52.
Sysco Corporation (NYSE:SYY) last issued its earnings results on Monday, August 14th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The company had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.35 billion. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Sysco Corporation will post $2.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued a $0.33 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.32 dividend on an annualized basis and a yield of 2.48%. Sysco Corporation’s dividend payout ratio (DPR) is presently 63.16%.
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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