Stonebridge Capital Advisors LLC increased its position in shares of Sysco Corporation (NYSE:SYY) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,292 shares of the company’s stock after buying an additional 195 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Sysco Corporation were worth $1,625,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SYY. North Star Investment Management Corp. increased its stake in 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 in the last quarter. TrimTabs Asset Management LLC increased its stake in 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 in the last quarter. Howe & Rusling Inc. increased its stake in 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 in the last quarter. Kistler Tiffany Companies LLC increased its stake in 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 in the last quarter. Finally, Blue Chip Partners Inc. increased its stake in 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 in the last quarter. Institutional investors own 78.38% of the company’s stock.

Shares of Sysco Corporation (NYSE:SYY) traded up 0.75% on Friday, hitting $51.25. 1,086,949 shares of the stock were exchanged. Sysco Corporation has a 52-week low of $47.15 and a 52-week high of $57.07. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 27.02 and a beta of 0.52. The company has a 50 day moving average of $50.96 and a 200 day moving average of $52.62.

Sysco Corporation (NYSE:SYY) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Sysco Corporation had a return on equity of 47.28% and a net margin of 1.93%. The company had revenue of $13.52 billion during the quarter, compared to analyst estimates of $13.14 billion. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Sysco Corporation will post $2.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s payout ratio is 69.47%.

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Several equities research analysts recently commented on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. BidaskClub downgraded shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and set a $51.00 target price on shares of Sysco Corporation in a research report on Friday, August 4th. Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research report on Friday. Finally, BMO Capital Markets set a $60.00 target price on shares of Sysco Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.02.

In related news, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $55.55, for a total value of $1,666,500.00. Following the completion of the sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at $22,593,573.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $54.25, for a total value of $846,300.00. Following the completion of the sale, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $3,188,598. The disclosure for this sale can be found here. Insiders sold 152,400 shares of company stock valued at $8,121,300 in the last ninety days. 8.81% of the stock is currently 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.

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

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