Sysco Corporation (SYY) Position Held by Atlas Brown Inc.

Atlas Brown Inc. maintained its stake in Sysco Corporation (NYSE:SYY) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,031 shares of the company’s stock at the end of the second quarter. Atlas Brown Inc.’s holdings in Sysco Corporation were worth $304,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wendell David Associates Inc. increased its position in Sysco Corporation by 2.4% in the second quarter. Wendell David Associates Inc. now owns 92,357 shares of the company’s stock valued at $4,648,000 after buying an additional 2,200 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Sysco Corporation by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 200,518 shares of the company’s stock valued at $10,184,000 after buying an additional 1,800 shares during the last quarter. Orrstown Financial Services Inc. increased its position in Sysco Corporation by 3,493.6% in the second quarter. Orrstown Financial Services Inc. now owns 17,860 shares of the company’s stock valued at $899,000 after buying an additional 17,363 shares during the last quarter. Sky Investment Group LLC increased its position in Sysco Corporation by 6.9% in the second quarter. Sky Investment Group LLC now owns 67,261 shares of the company’s stock valued at $3,385,000 after buying an additional 4,327 shares during the last quarter. Finally, BerganKDV Wealth Management LLC increased its position in Sysco Corporation by 0.5% in the second quarter. BerganKDV Wealth Management LLC now owns 32,155 shares of the company’s stock valued at $1,618,000 after buying an additional 173 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Shares of Sysco Corporation (NYSE SYY) opened at 51.58 on Friday. Sysco Corporation has a 12 month low of $47.15 and a 12 month high of $57.07. The stock has a 50 day moving average price of $50.93 and a 200-day moving average price of $52.61. The stock has a market cap of $27.61 billion, a P/E ratio of 27.19 and a beta of 0.52.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders 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 dividend yield of 2.56%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s dividend payout ratio (DPR) is presently 69.47%.

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SYY has been the subject of several research analyst reports. BMO Capital Markets raised Sysco Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $56.00 to $60.00 in a research note on Thursday, May 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 price objective (up from $50.00) on shares of Sysco Corporation in a research note on Monday, May 8th. Royal Bank Of Canada raised their price objective on Sysco Corporation from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 9th. Zacks Investment Research raised Sysco Corporation from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, May 9th. Finally, Barclays PLC reissued an “equal weight” rating and set a $57.00 price target (up previously from $53.00) on shares of Sysco Corporation in a research report on Tuesday, May 9th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.02.

In other news, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $55.55, for a total value of $1,666,500.00. Following the transaction, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at $22,593,573.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $50.87, for a total transaction of $793,572.00. Following the completion of the transaction, the insider now directly owns 58,776 shares in the company, valued at $2,989,935.12. The disclosure for this sale can be found here. Insiders sold 152,400 shares of company stock worth $8,121,300 over the last ninety days. 8.81% of the stock is currently owned by company 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.

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

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