Aua Capital Management LLC maintained its position in shares of Sysco Corporation (NYSE:SYY) during the first quarter, Holdings Channel reports. The fund owned 3,637 shares of the company’s stock at the end of the first quarter. Aua Capital Management LLC’s holdings in Sysco Corporation were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Sysco Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 37,910,943 shares of the company’s stock valued at $1,968,336,000 after buying an additional 1,064,162 shares during the period. BlackRock Inc. raised its position in shares of Sysco Corporation by 2,088.2% in the first quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock valued at $1,672,219,000 after buying an additional 30,735,711 shares during the period. Ameriprise Financial Inc. raised its position in shares of Sysco Corporation by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 9,837,807 shares of the company’s stock valued at $510,776,000 after buying an additional 118,939 shares during the period. Bank of New York Mellon Corp raised its position in shares of Sysco Corporation by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 6,688,003 shares of the company’s stock valued at $347,241,000 after buying an additional 385,492 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Sysco Corporation by 18.3% in the first quarter. Bank of America Corp DE now owns 4,745,874 shares of the company’s stock valued at $246,405,000 after buying an additional 733,433 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Sysco Corporation (NYSE SYY) traded up 1.40% during midday trading on Friday, reaching $51.58. 3,803,719 shares of the company’s stock traded hands. The stock has a market capitalization of $27.61 billion, a price-to-earnings ratio of 27.19 and a beta of 0.52. Sysco Corporation has a 52 week low of $47.15 and a 52 week high of $57.07. The company’s 50-day moving average price is $50.93 and its 200 day moving average price is $52.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s payout ratio is presently 69.47%.

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SYY has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target on shares of Sysco Corporation in a research report on Friday, August 4th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $57.00 price target on shares of Sysco Corporation in a research report on Friday, June 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price target on shares of Sysco Corporation in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Sysco Corporation from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada upped their price target on shares of Sysco Corporation from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 9th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Sysco Corporation currently 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 that occurred on Wednesday, May 17th. The shares were sold at an average price of $54.22, for a total transaction of $1,626,600.00. Following the transaction, the chief executive officer now owns 406,725 shares of the company’s stock, valued at $22,052,629.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $55.30, for a total transaction of $431,340.00. Following the transaction, the executive vice president now directly owns 58,776 shares in the company, valued at approximately $3,250,312.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,400 shares of company stock worth $8,121,300. Insiders own 8.81% of the company’s stock.

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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