WINTON GROUP Ltd Purchases 45,179 Shares of Sysco Corporation (NYSE:SYY)
WINTON GROUP Ltd boosted its stake in Sysco Corporation (NYSE:SYY) by 56.3% during the first quarter, Holdings Channel reports. The fund owned 125,479 shares of the company’s stock after buying an additional 45,179 shares during the period. WINTON GROUP Ltd’s holdings in Sysco Corporation were worth $6,150,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Sysco Corporation by 47.0% in the first quarter. Bank of Montreal Can now owns 6,247,295 shares of the company’s stock worth $324,360,000 after buying an additional 1,996,198 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Sysco Corporation by 86.7% in the first quarter. Victory Capital Management Inc. now owns 2,426,247 shares of the company’s stock worth $125,971,000 after buying an additional 1,126,573 shares during the last quarter. Hermes Investment Management Ltd. bought a new position in shares of Sysco Corporation during the first quarter worth approximately $41,568,000. American Century Companies Inc. boosted its position in shares of Sysco Corporation by 21.1% in the first quarter. American Century Companies Inc. now owns 3,424,940 shares of the company’s stock worth $177,823,000 after buying an additional 596,224 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Sysco Corporation by 1,820.2% in the first quarter. Nordea Investment Management AB now owns 546,648 shares of the company’s stock worth $28,382,000 after buying an additional 518,179 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.
Shares of Sysco Corporation (NYSE SYY) opened at 50.82 on Friday. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 26.79 and a beta of 0.52. The company has a 50-day moving average price of $52.22 and a 200 day moving average price of $52.90. Sysco Corporation has a 1-year low of $47.15 and a 1-year high of $57.07.
Sysco Corporation (NYSE:SYY) last announced its earnings results on Monday, May 8th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $13.52 billion for the quarter, compared to analyst estimates of $13.14 billion. Sysco Corporation had a return on equity of 47.28% and a net margin of 1.93%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, equities research analysts predict that Sysco Corporation will post $2.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.32 dividend on an annualized basis and a yield of 2.60%. Sysco Corporation’s dividend payout ratio is currently 69.47%.
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A number of research analysts recently commented on the company. Zacks Investment Research cut Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating and issued a $57.00 price target (up previously from $53.00) on shares of Sysco Corporation in a research report on Tuesday, May 9th. Wells Fargo & Company restated a “buy” rating on shares of Sysco Corporation in a research report on Monday. Royal Bank Of Canada raised their price target on Sysco Corporation from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 9th. Finally, Loop Capital assumed coverage on Sysco Corporation in a research report on Monday, May 15th. They issued a “buy” rating and a $61.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $55.95.
In other Sysco Corporation news, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $55.32, for a total value of $862,992.00. Following the transaction, the insider now directly owns 58,776 shares in the company, valued at approximately $3,251,488.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $49.92, for a total value of $1,497,600.00. Following the completion of the transaction, the chief executive officer now owns 406,725 shares in the company, valued at $20,303,712. The disclosure for this sale can be found here. Insiders sold a total of 129,000 shares of company stock worth $6,931,332 over the last 90 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.
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