Financial Counselors Inc. Sells 51,870 Shares of Sysco Corporation (NYSE:SYY)

Financial Counselors Inc. decreased its stake in shares of Sysco Corporation (NYSE:SYY) by 59.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,670 shares of the company’s stock after selling 51,870 shares during the period. Financial Counselors Inc.’s holdings in Sysco Corporation were worth $1,852,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SYY. North Star Investment Management Corp. raised its stake in shares of Sysco Corporation by 81.2% in the first quarter. North Star Investment Management Corp. now owns 1,944 shares of the company’s stock valued at $101,000 after buying an additional 871 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Sysco Corporation by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock valued at $112,000 after buying an additional 1,016 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Sysco Corporation by 81.1% in the first quarter. Howe & Rusling Inc. now owns 2,595 shares of the company’s stock valued at $135,000 after buying an additional 1,162 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Sysco Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,903 shares of the company’s stock valued at $151,000 after buying an additional 13 shares during the last quarter. Finally, Blue Chip Partners Inc. raised its position in shares of Sysco Corporation by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock valued at $153,000 after buying an additional 19 shares during the last quarter. Institutional investors own 78.49% of the company’s stock.

Shares of Sysco Corporation (NYSE SYY) traded down 0.04% on Friday, reaching $51.17. The company had a trading volume of 2,100,733 shares. Sysco Corporation has a 52 week low of $47.15 and a 52 week high of $57.07. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of 24.60 and a beta of 0.52. The stock’s 50 day moving average is $51.14 and its 200 day moving average is $52.55.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.72 EPS 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 for the quarter, compared to analyst estimates of $14.35 billion. During the same period in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Sysco Corporation will post $2.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s payout ratio is currently 63.16%.

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A number of research firms have recently weighed in on SYY. Zacks Investment Research lowered Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Pivotal Research set a $53.00 price target on Sysco Corporation and gave the company a “hold” rating in a research report on Sunday, August 13th. Royal Bank Of Canada set a $50.00 price target on Sysco Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a research report on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.02.

In other Sysco Corporation news, insider Wayne Shurts sold 15,600 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $54.25, for a total value of $846,300.00. Following the sale, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $3,188,598. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $49.92, for a total transaction of $1,497,600.00. Following the completion of the sale, the chief executive officer now directly owns 406,725 shares in the company, valued at $20,303,712. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,400 shares of company stock worth $6,494,700. 8.81% of the stock is owned by insiders.

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)

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