Axa lifted its holdings in shares of Sysco Corporation (NYSE:SYY) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,079 shares of the company’s stock after acquiring an additional 8,303 shares during the quarter. Axa owned approximately 0.08% of Sysco worth $23,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Sysco by 9,055.0% in the second quarter. Janus Henderson Group PLC now owns 5,707,603 shares of the company’s stock worth $287,264,000 after purchasing an additional 5,645,259 shares during the period. American Century Companies Inc. grew its stake in Sysco 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 period. Capital World Investors grew its stake in Sysco by 11.7% in the second quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock worth $692,893,000 after purchasing an additional 1,445,000 shares during the period. Nordea Investment Management AB grew its stake in Sysco by 252.7% in the second quarter. Nordea Investment Management AB now owns 1,928,089 shares of the company’s stock worth $97,041,000 after purchasing an additional 1,381,441 shares during the period. Finally, Parnassus Investments CA grew its stake in Sysco by 20.3% in the third quarter. Parnassus Investments CA now owns 7,410,401 shares of the company’s stock worth $399,791,000 after purchasing an additional 1,250,005 shares during the period. Institutional investors own 80.22% of the company’s stock.

Shares of Sysco Corporation (SYY) opened at $60.95 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. Sysco Corporation has a 12 month low of $48.85 and a 12 month high of $62.79. The company has a market capitalization of $31,758.37, a price-to-earnings ratio of 23.90, a PEG ratio of 2.61 and a beta of 0.54.

Sysco (NYSE:SYY) last released its quarterly earnings data on Monday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. Sysco had a return on equity of 58.47% and a net margin of 2.12%. The company had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same period last year, the firm posted $0.67 earnings per share. Sysco’s revenue was up 4.9% compared to the same quarter last year. equities research analysts anticipate that Sysco Corporation will post 2.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, January 4th. This is a boost from Sysco’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 2.36%. Sysco’s dividend payout ratio (DPR) is 60.00%.

In other Sysco news, Director Trian Fund Management, L.P. acquired 889,561 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were bought at an average cost of $53.68 per share, with a total value of $47,751,634.48. Following the completion of the transaction, the director now directly owns 5,529 shares of the company’s stock, valued at approximately $296,796.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Delaney III sold 400,000 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $53.91, for a total value of $21,564,000.00. Following the sale, the chief executive officer now directly owns 576,725 shares in the company, valued at $31,091,244.75. The disclosure for this sale can be found here. Insiders have sold 1,627,867 shares of company stock worth $87,992,178 over the last ninety days. 9.60% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on SYY shares. Zacks Investment Research raised Sysco from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, October 10th. Pivotal Research increased their target price on Sysco from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Loop Capital increased their target price on Sysco to $68.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, BMO Capital Markets set a $66.00 target price on Sysco and gave the stock a “buy” rating in a research note on Friday, December 8th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Sysco has a consensus rating of “Buy” and a consensus target price of $58.55.

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Sysco 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 (NYSE:SYY)

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