Schaper Benz & Wise Investment Counsel Inc. WI trimmed its stake in shares of Sysco Corporation (NYSE:SYY) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,349 shares of the company’s stock after selling 100 shares during the quarter. Sysco Corporation makes up 2.6% of Schaper Benz & Wise Investment Counsel Inc. WI’s portfolio, making the stock its 5th biggest position. Schaper Benz & Wise Investment Counsel Inc. WI owned 0.06% of Sysco Corporation worth $16,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of SYY. Kistler Tiffany Companies LLC lifted its position 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 worth $147,000 after buying an additional 12 shares during the last quarter. Buckingham Asset Management LLC lifted its position in shares of Sysco Corporation by 0.3% in the 1st quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock worth $307,000 after buying an additional 16 shares during the last quarter. Schnieders Capital Management LLC lifted its position in shares of Sysco Corporation by 0.4% in the 2nd quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock worth $205,000 after buying an additional 18 shares during the last quarter. Blue Chip Partners Inc. lifted its position in shares of Sysco Corporation by 0.6% in the 2nd quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock worth $149,000 after buying an additional 18 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Sysco Corporation by 1.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,198 shares of the company’s stock worth $218,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 79.97% of the company’s stock.

SYY has been the topic of a number of recent research reports. Wells Fargo & Company restated a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. BMO Capital Markets restated a “buy” rating and issued a $60.00 price target on shares of Sysco Corporation in a research report on Tuesday, June 27th. Bank of America Corporation restated a “buy” rating and issued a $61.00 price target on shares of Sysco Corporation in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of 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 restated an “overweight” rating and issued a $57.00 price target on shares of Sysco Corporation in a research report on Friday, June 23rd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sysco Corporation presently has an average rating of “Hold” and an average price target of $56.17.

In other news, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 406,725 shares in the company, valued at approximately $20,303,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wayne Shurts sold 15,600 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $50.87, for a total transaction of $793,572.00. Following the completion of the sale, the insider now owns 58,776 shares in the company, valued at approximately $2,989,935.12. The disclosure for this sale can be found here. Insiders sold a total of 524,714 shares of company stock worth $27,628,142 in the last 90 days. 8.81% of the stock is owned by corporate insiders.

Shares of Sysco Corporation (NYSE:SYY) opened at 53.66 on Friday. The company has a market capitalization of $28.33 billion, a P/E ratio of 25.80 and a beta of 0.52. The company has a 50-day moving average of $52.22 and a 200 day moving average of $52.56. Sysco Corporation has a 12 month low of $47.15 and a 12 month high of $57.07.

Sysco Corporation (NYSE:SYY) last announced its quarterly earnings results on Monday, August 14th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts forecast that Sysco Corporation will post $2.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be paid a $0.33 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.46%. Sysco Corporation’s dividend payout ratio is presently 63.16%.

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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.

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

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