Sysco Corporation (SYY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Sysco Corporation (NYSE:SYY) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 59,219 shares of the company’s stock after selling 1,431 shares during the period. Mutual of America Capital Management LLC’s holdings in Sysco Corporation were worth $3,195,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI raised its position in shares of Sysco Corporation by 1,233.5% in the first quarter. Citizens Financial Group Inc. RI now owns 157,557 shares of the company’s stock valued at $8,181,000 after buying an additional 145,742 shares during the last quarter. Sei Investments Co. raised its position in shares of Sysco Corporation by 29.3% in the second quarter. Sei Investments Co. now owns 238,395 shares of the company’s stock valued at $11,998,000 after buying an additional 54,078 shares during the last quarter. BARING ASSET MANAGEMENT Ltd raised its position in shares of Sysco Corporation by 15.5% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 28,118 shares of the company’s stock valued at $1,415,000 after buying an additional 3,773 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Sysco Corporation by 20.3% in the second quarter. Victory Capital Management Inc. now owns 2,917,645 shares of the company’s stock valued at $146,845,000 after buying an additional 491,398 shares during the last quarter. Finally, Twin Tree Management LP raised its position in shares of Sysco Corporation by 41.5% in the first quarter. Twin Tree Management LP now owns 18,712 shares of the company’s stock valued at $972,000 after buying an additional 5,492 shares during the last quarter. Institutional investors own 80.14% of the company’s stock.

A number of equities research analysts have recently commented on SYY shares. Zacks Investment Research cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company reiterated a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco Corporation in a research report on Tuesday, September 12th. Finally, Pivotal Research set a $53.00 target price on shares of Sysco Corporation and gave the company a “hold” rating in a research report on Sunday, August 13th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.42.

Shares of Sysco Corporation (SYY) opened at 54.80 on Friday. The firm has a market capitalization of $28.93 billion, a PE ratio of 26.35 and a beta of 0.52. Sysco Corporation has a 52-week low of $47.59 and a 52-week high of $57.07. The company’s 50-day moving average is $54.10 and its 200 day moving average is $53.00.

Sysco Corporation (NYSE:SYY) last announced 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 firm had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.35 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that Sysco Corporation will post $2.76 earnings per share for the current fiscal year.

In other news, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $54.71, for a total transaction of $1,641,300.00. Following the completion of the transaction, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $22,251,924.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $51.76, for a total transaction of $807,456.00. Following the transaction, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $3,042,245.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,125,781 shares of company stock valued at $114,211,628. Corporate insiders own 9.60% of the company’s stock.

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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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