Mark Sheptoff Financial Planning LLC trimmed its position in shares of Sysco Corporation (NYSE:SYY) by 20.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,687 shares of the company’s stock after selling 699 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Sysco Corporation were worth $135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TrimTabs Asset Management LLC boosted its position in Sysco Corporation by 88.7% during the first quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock worth $112,000 after purchasing an additional 1,016 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Sysco Corporation by 10.7% in the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after acquiring an additional 225 shares in the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of 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 in the last quarter. Blue Chip Partners Inc. lifted its position in shares of 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 in the last quarter. Finally, AT Bancorp purchased a new stake in shares of Sysco Corporation in the second quarter valued at $154,000. Institutional investors own 79.91% of the company’s stock.

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Sysco Corporation (NYSE:SYY) opened at 53.87 on Friday. Sysco Corporation has a 1-year low of $47.15 and a 1-year high of $57.07. The firm has a market capitalization of $28.44 billion, a price-to-earnings ratio of 25.90 and a beta of 0.52. The company has a 50-day moving average price of $52.31 and a 200 day moving average price of $52.57.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.35 billion. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. Equities analysts anticipate that Sysco Corporation will post $2.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a $0.33 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.45%. Sysco Corporation’s dividend payout ratio (DPR) is presently 63.16%.

In other news, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at $20,303,712. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $50.87, for a total value of $793,572.00. Following the completion of the sale, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $2,989,935.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,124,714 shares of company stock valued at $59,944,142. 8.81% of the stock is currently owned by insiders.

SYY has been the topic of several recent research reports. BidaskClub downgraded Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. J P Morgan Chase & Co restated an “overweight” rating and issued a $57.00 price objective on shares of Sysco Corporation in a research report on Friday, June 23rd. Wells Fargo & Company restated a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. Bank of America Corporation restated a “buy” rating and issued a $61.00 price objective on shares of Sysco Corporation in a research report on Monday, June 26th. Finally, BMO Capital Markets restated a “buy” rating and issued a $60.00 price objective on shares of Sysco Corporation in a research report on Tuesday, June 27th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sysco Corporation presently has an average rating of “Hold” and a consensus price target of $56.17.

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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