Alpha Omega Wealth Management LLC held its position in shares of Sysco Corporation (NYSE:SYY) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,743 shares of the company’s stock at the end of the 2nd quarter. Alpha Omega Wealth Management LLC’s holdings in Sysco Corporation were worth $641,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SYY. Kistler Tiffany Companies LLC boosted its holdings in Sysco Corporation by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after acquiring an additional 12 shares during the last quarter. Buckingham Asset Management LLC boosted its holdings in Sysco Corporation by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock valued at $307,000 after acquiring an additional 16 shares during the last quarter. Schnieders Capital Management LLC boosted its holdings in Sysco Corporation by 0.4% in the second quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock valued at $205,000 after acquiring an additional 18 shares during the last quarter. Blue Chip Partners Inc. boosted its holdings in Sysco Corporation by 0.6% in the second quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock valued at $149,000 after acquiring an additional 18 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Sysco Corporation by 1.2% in the first quarter. Sequoia Financial Advisors LLC now owns 4,198 shares of the company’s stock valued at $218,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.

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A number of brokerages recently weighed in on SYY. Jefferies Group LLC reiterated a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a report on Friday, August 4th. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a report on Monday, August 14th. Zacks Investment Research cut Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Pivotal Research set a $53.00 target price on Sysco Corporation and gave the company a “hold” rating in a report on Sunday, August 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sysco Corporation in a report on Tuesday, September 12th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.17.

Sysco Corporation (NYSE SYY) opened at 53.66 on Friday. The firm has a 50-day moving average price of $52.22 and a 200 day moving average price of $52.56. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 25.80 and a beta of 0.52. Sysco Corporation has a 52-week low of $47.15 and a 52-week high of $57.07.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The firm had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. Sysco Corporation’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. On average, equities research analysts predict that Sysco Corporation will post $2.76 EPS for the current year.

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 issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s dividend payout ratio is presently 63.16%.

In related news, Director Trian Fund Management, L.P. sold 372,314 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $53.09, for a total value of $19,766,150.26. Following the completion of the sale, the director now directly owns 5,529 shares in the company, valued at $293,534.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wayne Shurts sold 7,800 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $50.82, for a total transaction of $396,396.00. Following the completion of the sale, the executive vice president now owns 58,776 shares of the company’s stock, valued at $2,986,996.32. The disclosure for this sale can be found here. Insiders sold 524,714 shares of company stock valued at $27,628,142 over the last quarter. 8.81% of the stock is currently owned by corporate insiders.

Sysco Corporation 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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