Howland Capital Management LLC Has $966,000 Stake in Sysco Corporation (SYY)

Howland Capital Management LLC held its position in Sysco Corporation (NYSE:SYY) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,190 shares of the company’s stock at the end of the second quarter. Howland Capital Management LLC’s holdings in Sysco Corporation were worth $966,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kistler Tiffany Companies LLC raised its position in Sysco Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,903 shares of the company’s stock worth $151,000 after buying an additional 13 shares during the last quarter. Buckingham Asset Management LLC raised its position in Sysco Corporation by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock worth $307,000 after buying an additional 16 shares during the last quarter. Blue Chip Partners Inc. raised its position in Sysco Corporation by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock worth $153,000 after buying an additional 19 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Sysco Corporation by 1.2% in the first quarter. Sequoia Financial Advisors LLC now owns 4,198 shares of the company’s stock worth $218,000 after buying an additional 50 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its position in Sysco Corporation by 0.3% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 22,445 shares of the company’s stock worth $1,165,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 78.49% of the company’s stock.

Sysco Corporation (NYSE SYY) traded up 0.43% during mid-day trading on Friday, reaching $51.41. 1,100,556 shares of the company’s stock traded hands. Sysco Corporation has a 1-year low of $47.15 and a 1-year high of $57.07. The firm has a 50 day moving average of $51.10 and a 200 day moving average of $52.56. The firm has a market cap of $27.25 billion, a PE ratio of 24.72 and a beta of 0.52.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Analysts forecast that Sysco Corporation will post $2.76 EPS for the current year.

The business also recently disclosed 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. This represents a $1.32 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s payout ratio is presently 63.16%.

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A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Barclays PLC reiterated an “equal weight” rating and issued a $57.00 target price (up from $53.00) on shares of Sysco Corporation in a research note on Tuesday, May 9th. Royal Bank Of Canada raised their target price on shares of Sysco Corporation from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $51.00 target price (up from $50.00) on shares of Sysco Corporation in a research note on Monday, May 8th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.02.

In other news, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wayne Shurts sold 7,800 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $55.30, for a total transaction of $431,340.00. Following the completion of the transaction, the executive vice president now directly owns 58,776 shares in the company, valued at $3,250,312.80. The disclosure for this sale can be found here. Insiders sold 122,400 shares of company stock worth $6,494,700 over the last three months. 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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