Sysco Corporation (SYY) Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Sysco Corporation (NYSE:SYY) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,747 shares of the company’s stock after buying an additional 16,375 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Sysco Corporation worth $30,672,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. North Star Investment Management Corp. raised its position in shares of Sysco Corporation by 81.2% in the first quarter. North Star Investment Management Corp. now owns 1,944 shares of the company’s stock valued at $101,000 after buying an additional 871 shares during the last quarter. TrimTabs Asset Management LLC raised its position in Sysco Corporation by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock worth $112,000 after buying an additional 1,016 shares in the last quarter. Howe & Rusling Inc. raised its position in Sysco Corporation by 81.1% in the first quarter. Howe & Rusling Inc. now owns 2,595 shares of the company’s stock worth $135,000 after buying an additional 1,162 shares in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter. Institutional investors own 78.49% of the company’s stock.

Sysco Corporation (NYSE SYY) traded down 0.04% on Friday, hitting $51.17. The company’s stock had a trading volume of 2,100,733 shares. Sysco Corporation has a 12 month low of $47.15 and a 12 month high of $57.07. The firm has a market cap of $27.12 billion, a price-to-earnings ratio of 24.60 and a beta of 0.52. The firm has a 50 day moving average of $51.14 and a 200 day moving average of $52.55.

Sysco Corporation (NYSE:SYY) last posted its earnings results on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same period in the previous year, the business posted $0.64 EPS. Sysco Corporation’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Sysco Corporation will post $2.76 earnings per share for the current fiscal 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 issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.58%. Sysco Corporation’s dividend payout ratio is currently 63.16%.

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A number of brokerages recently commented on SYY. Zacks Investment Research downgraded Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Pivotal Research set a $53.00 target price on Sysco Corporation and gave the stock a “hold” rating in a research report on Sunday, August 13th. Royal Bank Of Canada set a $50.00 target price on Sysco Corporation and gave the stock a “hold” rating in a research report on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 price target on shares of Sysco Corporation in a report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $56.02.

In related news, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $55.55, for a total transaction of $1,666,500.00. Following the sale, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at approximately $22,593,573.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $54.25, for a total transaction of $846,300.00. Following the sale, the insider now directly owns 58,776 shares in the company, valued at $3,188,598. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,400 shares of company stock worth $6,494,700. Company 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.

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

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