Sysco Corporation (SYY) Holdings Maintained by NTV Asset Management LLC
NTV Asset Management LLC maintained its stake in Sysco Corporation (NYSE:SYY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,873 shares of the company’s stock at the close of the second quarter. NTV Asset Management LLC’s holdings in Sysco Corporation were worth $949,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Sysco Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 37,910,943 shares of the company’s stock worth $1,968,336,000 after purchasing an additional 1,064,162 shares during the last quarter. BlackRock Inc. grew its stake in shares of Sysco Corporation by 2,088.2% in the first quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock worth $1,672,219,000 after purchasing an additional 30,735,711 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Sysco Corporation by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 9,837,807 shares of the company’s stock worth $510,776,000 after purchasing an additional 118,939 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sysco Corporation by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 6,688,003 shares of the company’s stock worth $347,241,000 after purchasing an additional 385,492 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Sysco Corporation by 47.6% in the second quarter. American Century Companies Inc. now owns 5,054,930 shares of the company’s stock worth $254,415,000 after purchasing an additional 1,629,990 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
In other Sysco Corporation news, CEO William J. Delaney III sold 30,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 406,725 shares in the company, valued at approximately $20,303,712. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $53.27, for a total transaction of $831,012.00. Following the completion of the transaction, the insider now owns 58,776 shares in the company, valued at $3,130,997.52. The disclosure for this sale can be found here. Insiders sold a total of 524,714 shares of company stock worth $27,628,142 over the last 90 days. Insiders own 8.81% of the company’s stock.
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Shares of Sysco Corporation (NYSE:SYY) opened at 53.93 on Tuesday. Sysco Corporation has a 52-week low of $47.15 and a 52-week high of $57.07. The firm’s 50-day moving average price is $52.27 and its 200 day moving average price is $52.56. The company has a market capitalization of $28.47 billion, a PE ratio of 25.93 and a beta of 0.52.
Sysco Corporation (NYSE:SYY) last issued its earnings results on Monday, August 14th. The company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The business had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities analysts forecast 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 paid 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 2.45%. Sysco Corporation’s dividend payout ratio is currently 63.16%.
Several analysts recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a research note on Friday, August 4th. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research note on Monday, August 14th. Zacks Investment Research cut Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Pivotal Research set a $53.00 target price on 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 Sysco Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.17.
Sysco Corporation 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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