Numeric Investors LLC grew its stake in shares of Sysco Corporation (NYSE:SYY) by 104.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,300 shares of the company’s stock after buying an additional 24,200 shares during the quarter. Numeric Investors LLC’s holdings in Sysco Corporation were worth $2,381,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kistler Tiffany Companies LLC boosted its holdings in shares of Sysco Corporation by 0.4% during the second 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 period. Buckingham Asset Management LLC boosted its holdings in shares of Sysco Corporation by 0.3% during the first 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 period. Schnieders Capital Management LLC boosted its holdings in shares of Sysco Corporation by 0.4% during the second 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 period. Blue Chip Partners Inc. boosted its holdings in shares of Sysco Corporation by 0.6% during the second 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 period. Finally, Northwest Quadrant Wealth Management LLC boosted its holdings in shares of Sysco Corporation by 0.6% during the second 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 period. 79.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sysco Corporation (NYSE:SYY) opened at 53.78 on Thursday. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 25.86 and a beta of 0.52. The firm has a 50-day moving average of $53.37 and a 200 day moving average of $52.76. Sysco Corporation has a one year low of $47.15 and a one year 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 for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $14.35 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Sysco Corporation will post $2.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a $0.33 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.45%. Sysco Corporation’s payout ratio is presently 63.16%.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Sysco Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday. BMO Capital Markets set a $60.00 target price on shares of Sysco Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Bank of America Corporation reiterated a “buy” rating and set a $61.00 target price on shares of Sysco Corporation in a report on Monday, June 26th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $56.42.

WARNING: This article was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.thecerbatgem.com/2017/10/12/numeric-investors-llc-buys-24200-shares-of-sysco-corporation-syy.html.

In other news, insider Paul T. Moskowitz sold 16,667 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were 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 owns 61,936 shares of the company’s stock, valued at approximately $3,351,976.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wayne Shurts sold 7,800 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $50.82, for a total transaction of $396,396.00. Following the completion of the sale, the executive vice president now directly owns 58,776 shares of the company’s stock, valued at approximately $2,986,996.32. The disclosure for this sale can be found here. Insiders sold a total of 2,111,381 shares of company stock valued at $113,332,388 in the last ninety days. Corporate insiders own 8.81% of the company’s stock.

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.

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

Receive News & Stock Ratings for Sysco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco Corporation and related stocks with our FREE daily email newsletter.