Quantum Capital Management bought a new stake in Sysco Corporation (NYSE:SYY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,000 shares of the company’s stock, valued at approximately $863,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SYY. Vanguard Group Inc. grew its position in Sysco Corporation by 1.6% during the second quarter. Vanguard Group Inc. now owns 38,501,911 shares of the company’s stock valued at $1,937,801,000 after acquiring an additional 590,968 shares during the last quarter. BlackRock Inc. boosted its holdings in Sysco Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 32,291,082 shares of the company’s stock valued at $1,625,211,000 after acquiring an additional 83,464 shares in the last quarter. State Street Corp boosted its holdings in Sysco Corporation by 1.0% in the second quarter. State Street Corp now owns 26,707,981 shares of the company’s stock valued at $1,344,209,000 after acquiring an additional 272,303 shares in the last quarter. Capital World Investors boosted its holdings in Sysco Corporation by 11.7% in the second quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock valued at $692,893,000 after acquiring an additional 1,445,000 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Sysco Corporation by 4.1% in the second quarter. Ameriprise Financial Inc. now owns 10,242,998 shares of the company’s stock valued at $515,484,000 after acquiring an additional 405,191 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sysco Corporation (SYY) traded up $0.38 during trading hours on Friday, hitting $54.48. The company had a trading volume of 2,003,300 shares, compared to its average volume of 2,918,071. The company has a market cap of $28,590.00, a P/E ratio of 21.22, a PEG ratio of 2.43 and a beta of 0.53. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. Sysco Corporation has a 52 week low of $48.85 and a 52 week high of $57.23.

Sysco Corporation (NYSE:SYY) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. The company had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.43 billion. Sysco Corporation had a return on equity of 58.47% and a net margin of 2.12%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. research analysts predict that Sysco Corporation will post 2.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be paid a dividend of $0.36 per share. This is an increase from Sysco Corporation’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.64%. Sysco Corporation’s payout ratio is 60.27%.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group LLC reissued a “hold” rating and set a $51.00 price objective on shares of Sysco Corporation in a research report on Friday, August 4th. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Pivotal Research set a $53.00 price objective 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 price objective on Sysco Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.42.

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In related news, CEO William J. Delaney III sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $54.05, for a total value of $8,107,500.00. Following the transaction, the chief executive officer now directly owns 526,725 shares of the company’s stock, valued at approximately $28,469,486.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Wayne Shurts sold 7,800 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.86, for a total value of $427,908.00. Following the sale, the executive vice president now directly owns 58,776 shares in the company, valued at $3,224,451.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,275,781 shares of company stock worth $122,319,128. 9.60% of the stock is owned by insiders.

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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